by Calculated Risk on 3/29/2020 07:18:00 PM
• Schedule for Week of March 29, 2020
• 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.
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.