by Calculated Risk on 5/05/2019 08:59:00 PM
Sunday, May 05, 2019
• Schedule for Week of May 5, 2019
• No major economic releases scheduled.
From CNBC: Pre-Market Data and Bloomberg futures: S&P 500 are down 46 and DOW futures are down 469 (fair value).
Oil prices were down over the last week with WTI futures at $60.41 per barrel and Brent at $69.23 per barrel. A year ago, WTI was at $71, and Brent was at $75 - so oil prices are down 10% to 15% year-over-year.
Here is a graph from Gasbuddy.com for nationwide gasoline prices. Nationally prices are at $2.89 per gallon. A year ago prices were at $2.80 per gallon, so gasoline prices are up 9 cents per gallon year-over-year.