by Calculated Risk on 7/05/2021 09:58:00 PM
o Schedule for Week of July 4, 2021
o At 8:00 AM ET, Corelogic House Price index for May.
o At 10:00 AM, the ISM Services Index for June. The consensus is for a reading of 63.9, down from 64.0.
Oil prices were up over the last week with WTI futures at $76.62 per barrel and Brent at $77.45 per barrel. A year ago, WTI was at $41, and Brent was at $43 – so WTI oil prices are UP about 90% year-over-year (oil prices collapsed at the beginning of the pandemic).
Here is a graph from Gasbuddy.com for nationwide gasoline prices. Nationally prices are at $3.12 per gallon. A year ago prices were at $2.18 per gallon, so gasoline prices are up $0.94 per gallon year-over-year.