Sunday, May 03, 2020

Sunday Night Futures

by Calculated Risk on 5/03/2020 06:37:00 PM

Weekend:
Schedule for Week of May 3, 2020

Monday:
• No major economic releases scheduled.

From CNBC: Pre-Market Data and Bloomberg futures S&P 500 are down 34 and DOW futures are down 275 (fair value).

Oil prices were up over the last week with WTI futures at $18.56 per barrel and Brent at $25.69 barrel.  A year ago, WTI was at $62, and Brent was at $72 - so WTI oil prices are down about 70% year-over-year.

Here is a graph from Gasbuddy.com for nationwide gasoline prices. Nationally prices are at $1.76 per gallon. A year ago prices were at $2.90 per gallon, so gasoline prices are down $1.14 per gallon year-over-year.