Sunday, August 24, 2014

Sunday: No Futures for You!

by Calculated Risk on 8/24/2014 08:31:00 PM

From CME Group: (ht Nemo)

UPDATE: Due to technical issues, CME Globex Markets remain halted. Updates will be provided as they become available
Monday:
• At 8:30 AM ET, the Chicago Fed National Activity Index for July. This is a composite index of other data.

• At 10:00 AM, New Home Sales for July from the Census Bureau. The consensus is for an increase in sales to 425 thousand Seasonally Adjusted Annual Rate (SAAR) in July from 406 thousand in June.

• At 10:30 AM, the Dallas Fed Manufacturing Survey for August.

Weekend:
Schedule for Week of Aug 24th

Oil prices were down over the last week with WTI futures at $93.41 per barrel and Brent at $101.86 per barrel.  A year ago, WTI was at $105, and Brent was at $111 - so prices are down about 10% year-over-year.

Below is a graph from Gasbuddy.com for nationwide gasoline prices. Nationally prices are around $3.43 per gallon (down about a dime 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