Strategic Petroleum Reserve

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MIB: Oil Crosses $100, Record G7 SPR Release, FOMC Blackout Begins & February CPI Due Tomorrow

By RecessionALERT on March 9, 2026 in Reflections

WTI crude breached $100/bbl intraday (peak $119) — biggest oil supply disruption in history. G7+IEA authorized a record 300-400M barrel SPR release. Trump told CBS “war is very complete” — Dow swung from -900 to +239 in hours (S&P +0.83%, Nasdaq +1.38%). NOC +6%, LMT hit all-time high as defense broke out. CCL -6%, RCL -4% as cruise lines bled. Oracle reports tonight; February CPI drops tomorrow.

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MIB: Iran Missile Strike Sends Oil to $81, Airlines Crater, and Broadcom’s $100B AI Target Holds the Nasdaq Floor

By RecessionALERT on March 5, 2026 in Reflections

Iran fires missile at US oil tanker; WTI surges 8% to $81, sending the Dow down 784 points. Airlines crash — UAL -6%, DAL -5% — as fuel shock materializes. Energy sector breaks to 52-week highs on oil windfall. AVGO +4.8% validated AI supercycle with CEO targeting $100B chip revenue by 2027. VIX spikes 19% to 25.26. February NFP jobs report Friday — the week’s defining moment.

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