by Bill McBride on 4/12/2015 08:15:00 PM
Sunday, April 12, 2015
• No economic releases scheduled.
• Schedule for Week of April 12, 2015
• An update on oil prices
From CNBC: Pre-Market Data and Bloomberg futures: currently S&P and DOW futures are up slightly (fair value).
Oil prices were up over the last week with WTI futures at $51.55 per barrel and Brent at $57.89 per barrel. A year ago, WTI was at $102, and Brent was at $107 - so prices are down close to 50% year-over-year.
Below is a graph from Gasbuddy.com for nationwide gasoline prices. Nationally prices are up to $2.39 per gallon (down about $1.20 per gallon from a year ago).
If you click on "show crude oil prices", the graph displays oil prices for WTI, not Brent; gasoline prices in most of the U.S. are impacted more by Brent prices.
|Orange County Historical Gas Price Charts Provided by GasBuddy.com|