Calculated Risk: Sunday Night Futures
by Calculated Risk on 3/05/2023 07:38:00 PM
• Schedule for Week of March 5, 2023
• No major economic releases scheduled.
From CNBC: Pre-Market Data and Bloomberg futures S&P 500 futures are down 4 and DOW futures are down 30 (fair value).
Oil prices were up over the last week with WTI futures at $79.68 per barrel and Brent at $85.83 per barrel. A year ago, WTI was at $116, and Brent was at $124 – so WTI oil prices are DOWN 30% year-over-year.
Here is a graph from Gasbuddy.com for nationwide gasoline prices. Nationally prices are at $3.36 per gallon. A year ago, prices were at $4.00 per gallon, so gasoline prices are down $0.64 per gallon year-over-year.
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