NewsWare’s Trade Talk: Thursday, March 31

S&P Futures are off this morning indicating a lower opening. Before the bell today there is the PCI inflation report set to be released and it is expected to display that Inflation remains hot. Oil is moving lower by more than 6% this morning. There are reports that the Biden administration is preparing to make an announcement about a release of oil from the strategic reserve. We are also awaiting an announcement from OPEC this morning and we have the weekly job report due out before the bell this morning.