U.S. crude and gold are off the last five days with oil skidding 9.53% and gold losing 1.02%.U.S. equity futures traded cautiously Thursday morning, the day after stocks fell for a fifth day.West Texas Intermediate crude futures traded around $72.00 per barrel.Gasoline prices slipped Thursday morning to below where they were a year ago.A year ago, the price for a gallon of regular gasoline was $3.343.
Wall Street ended a wobbly day of trading with more losses Wednesday, with the S&P 500 down 0.2% in its fifth straight loss. The Nasdaq composite, which is heavily weighted with tech stocks, fell 0.5% and the Dow industrials were flat.It has been a long strange trip involving pain at the pump.That is below where the price was 12 months ago.Diesel has declined to $5.00 per gallon, but that is still a far cry from the $3.612 of a year ago.
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