by Bill McBride on 2/06/2017 12:21:00 AM
Monday, February 06, 2017
• Schedule for Week of Feb 5, 2017
• Oil: "Another huge week" for total US oil rigs, Pressure on OPEC deal
• Goldman on the Trump Agenda
From CNBC: Pre-Market Data and Bloomberg futures: S&P futures are down 2, and DOW futures are down 10 (fair value).
Oil prices were up over the last week with WTI futures at $54.00 per barrel and Brent at $56.98 per barrel. A year ago, WTI was at $33, and Brent was at $33 - so oil prices are up sharply year-over-year.
Here is a graph from Gasbuddy.com for nationwide gasoline prices. Nationally prices are at $2.26 per gallon - a year ago prices were at $1.76 per gallon - so gasoline prices are up 50 cents a gallon year-over-year.