Tag Archives: SPR

  • News

    Selling off Strategic Oil Reserves?

    Weekly Market Commentary 19 November 2021
    by davefairtex

    Monday, November 22, 2021, 10:36 AM

    15

    There were three economic series out this week: Retail Sales [+1.67% m/m, +14.03% y/y], Industrial Production [+1.61% m/m, +4.89% y/y], and Housing Starts [-0.66% m/m, +0.39% y/y]. The Retail Sales number hit an all time high – note much of that move is due to inflation; sales are up 24% over pre-pandemic levels. Even deflated…

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