Economic Data -- Oil Surging -- March 17, 2022

Oil:

• WTI: surges, up 8.09%; up $7.69; trading at $102.7
• Brent: surges, up 8.65%; up $8.48; trading at $106.50

First group "financial / economic" indicators:

• 10-Year Treasury: link here. Yield at 2.139%, down 5 basis points.
  
• DXY: link here. 98.15; down slightly.
  
• Silver: link here. $25.70, up 4%.
  
• Gold: link here. Trading at $1,948, up 1%.
  
• CBOE volatility index: link here. Explained at Investopedia. Down significantly from when I last checked about a week ago, now at 26.82.
  

Jobless claims: came in slightly better than expected, 214,000 vs 220,000, and down 15,000 from week before.

European autos: supply chain disruptions force European automakers to halt production. Link here.

******************************
Buffett And Oil

Did hedge fund managers get sucked in by all that millennial mumbo-jumbo on renewable energy. 

It sounds like Buffett can read graphs better than hedge fund managers.

Oil is up 8% today.

It's being reported that Buffett loaded up on shares in oil stocks just as hedge funds were liquidating theirs. 

Buffett says he loves dividends. According to this source, OXY raised its dividend 1200% (no typo) in February, 2022. 

It's an open-book test.