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Weekly Commentary

Inflation: We Wish We Had Better News

April 1, 2022
Jimmy Jean • Randall Bartlett • Francis Généreux • Lorenzo Tessier-Moreau • Hendrix Vachon • Royce Mendes

As we observed in our comment last week, inflationary pressures are prompting a variety of responses from governments. This week in the US, the Biden administration announced it would release 180 million barrels of oil from the Strategic Petroleum Reserve (SPR). It will be the largest release in history, depleting nearly a third of the reserve. Despite this important news, little relief was seen in oil prices.

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