Sunday, August 19, 2018

Sunday Night Futures

by Bill McBride on 8/19/2018 07:28:00 PM

Weekend:
Schedule for Week of Aug 19, 2018

Monday:
• No major economic releases scheduled.

From CNBC: Pre-Market Data and Bloomberg futures: S&P 500 are up 3 and DOW futures are up 33 (fair value).

Oil prices were down over the last week with WTI futures at $65.86 per barrel and Brent at $71.75 per barrel.  A year ago, WTI was at $49, and Brent was at $51 - so oil prices are up 30% to 40% year-over-year.

Here is a graph from Gasbuddy.com for nationwide gasoline prices. Nationally prices are at $2.83 per gallon. A year ago prices were at $2.32 per gallon - so gasoline prices are up 51 cents per gallon year-over-year.