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Sunday Night Futures: Oil Prices Lowest Since Feb 2002

Summary:
Weekend:• Schedule for Week of March 29, 2020Monday:• At 10:00 AM ET, Pending Home Sales Index for February. The consensus is for a 1.0% decrease in the index.• At 10:30 AM, Dallas Fed Survey of Manufacturing Activity for March. This is the last of the regional surveys for March.From CNBC: Pre-Market Data and Bloomberg futures S&P 500 are down 50 and DOW futures are down 409 (fair value).Oil prices were down over the last week with WTI futures at .33 per barrel and Brent at .54 barrel.  A year ago, WTI was at , and Brent was at - so oil prices are down almost two-thirds year-over-year.  This is the lowest for WTI since February 25, 2002 (oil prices declined following 9/11)Here is a graph from Gasbuddy.com for nationwide gasoline prices. Nationally prices are at .96 per

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Weekend:
Schedule for Week of March 29, 2020

Monday:
• At 10:00 AM ET, Pending Home Sales Index for February. The consensus is for a 1.0% decrease in the index.

• At 10:30 AM, Dallas Fed Survey of Manufacturing Activity for March. This is the last of the regional surveys for March.

From CNBC: Pre-Market Data and Bloomberg futures S&P 500 are down 50 and DOW futures are down 409 (fair value).

Oil prices were down over the last week with WTI futures at $20.33 per barrel and Brent at $23.54 barrel.  A year ago, WTI was at $60, and Brent was at $68 - so oil prices are down almost two-thirds year-over-year.  

This is the lowest for WTI since February 25, 2002 (oil prices declined following 9/11)

Here is a graph from Gasbuddy.com for nationwide gasoline prices. Nationally prices are at $1.96 per gallon. A year ago prices were at $2.70 per gallon, so gasoline prices are down 74 cents per gallon year-over-year.

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