To Estimated risk per 14.05.2023 18:17:00
• Schedule for the week of May 14, 2023
• At 8:30 AM ET, the Federal Reserve Bank of New York Empire State Manufacturing Sector Survey for May. The consensus is to read -2.0, up from 10.8.
• At 11:00 AM New York Fed: Quarterly report on household debt and loans for the 1st quarter
Oil prices fell last week WTI futures at $70.04 per barrel and Brent at $74.17 per barrel. A year ago, WTI was worth $111 and Brent was $112, so WTI oil prices are down about 35% from last year.
Here is the graph from Gasbuddy.com for nationwide gas prices. National prices are $3.53 per gallon. A year ago, prices were $4.44 per gallon, so gasoline prices are down $0.91 per gallon from last year.