Oil stockpile releases fail to calm markets ahead of open
TL;DR
Morning Squawk previews five market drivers: the IEA and the U.S. plan large oil stock releases to address supply disruptions, yet crude prices rise; February CPI shows inflation steady at 2.4% year over year with a 0.3% month‑over‑month increase; the administration launches new Section 301 tariff probes against several partners as the deficit tops $1 trillion; Google is spinning out GFiber into an independent provider with a minority stake; airlines expect higher fares due to higher fuel costs while travel demand remains strong, amid DHS funding stalemate that could affect TSA pay.
- Oil reserves, tariff investigations, airline fuel prices and more in Morning Squawk CNBC
- Why Oil Prices Surged Even After the Release of Strategic Reserves The New York Times
- Iran war is the largest oil supply disruption in history, report finds Politico
- IEA agrees to release record 400 million barrels of oil to address Iran war supply disruption CNBC
- Exclusive | President Trump’s Head-Spinning Pivot on an Emergency Oil Release WSJ
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