by Calculated Risk on 2/27/2022 06:30:00 PM
o Schedule for Week of February 27, 2022
o At 9:45 AM, Chicago Purchasing Managers Index for February. The consensus is for a reading of 63.9, down from 65.2 in January.
o At 10:30 AM, Dallas Fed Survey of Manufacturing Activity for February. This is the last of regional manufacturing surveys for February.
Oil prices were up over the last week with WTI futures at $98.09 per barrel and Brent at $104.54 per barrel. A year ago, WTI was at $62, and Brent was at $66 – so WTI oil prices are up about 60% year-over-year.
Here is a graph from Gasbuddy.com for nationwide gasoline prices. Nationally prices are at $3.59 per gallon. A year ago prices were at $2.72 per gallon, so gasoline prices are up $0.87 per gallon year-over-year.