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Sunday Night Futures

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Weekend:
Schedule for Week of December 26, 2021

Monday:
• At 10:30 AM ET, Dallas Fed Survey of Manufacturing Activity for December.

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

Oil prices were up over the last week with WTI futures at $73.79 per barrel and Brent at $76.14 per barrel. A year ago, WTI was at $48, and Brent was at $51 – so WTI oil prices are up 50% year-over-year.

Here is a graph from Gasbuddy.com for nationwide gasoline prices. Nationally prices are at $3.25 per gallon. A year ago prices were at $2.24 per gallon, so gasoline prices are up $1.01 per gallon year-over-year.

Question #10 for 2022: Will inventory increase as the pandemic subsides, or will inventory decrease further in 2022?

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