by Calculated Risk on 12/06/2015 08:21:00 PM

A quick note: Oil prices have fallen near the lows for the year.

WTI hit $38.22 per barrel in August 2015 - the low for the year - and WTI prices are now at $39.54 (the low for WTI in 2008 was $30.28).

In November 2015, Brent hit $40.28 per barrel, and Brent prices are now at $42.80 (the low for WTI in 2008 was $33.73).

Monday:
• At 10:00 AM ET, The Fed will release the monthly Labor Market Conditions Index (LMCI).

• At 3:00 PM, Consumer Credit for October from the Federal Reserve. The consensus is for an increase of $20 billion in credit.

Weekend:
• Schedule for Week of December 6th

• The Endless Parade of Recession Calls

From CNBC: Pre-Market Data and Bloomberg futures: currently S&P futures are down 3 and DOW futures are down 25 (fair value).

Oil prices were down over the last week with WTI futures at $39.54 per barrel and Brent at $42.80 per barrel.  A year ago, WTI was at $66, and Brent was at $68 - so prices are down almost 40% year-over-year (It was a year ago that prices were falling sharply).

Here is a graph from Gasbuddy.com for nationwide gasoline prices. Nationally prices are at $2.03 per gallon (down about $0.65 per gallon from a year ago).