CNBC's "Fast Money" Oil Climbs As IEA Releases Barrels.. And RBC’s Lori Calvasina On Markets Next Move 3/11/26
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Mar 11, 2026 Eamon Javers, journalist known for live on-the-ground political reporting, gives real-time updates from the president’s remarks in Kentucky. The conversation covers the IEA’s record 400 million-barrel release and its effect on crude prices. Other topics include market volatility, bond yields, sector stress tests for $100 oil, and where investors might look amid shifting market signals.
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IEA Release Didn’t Immediately Lower Oil Prices
- The IEA released a record 400 million barrels yet crude still jumped, showing supply actions don't immediately calm markets.
- WTI settled above $87 and Brent near $92, and energy stocks led the S&P up 2.5% despite the release.
Relative Valuations Help Explain U.S. Outperformance
- U.S. equities can outperform during global crises because U.S. relative P/E fell back toward 20-year averages, reopening valuation attraction.
- Lori noted that U.S. outperformance allowed growth trades to stabilize amid Iran tensions.
Stress Test Portfolios For $100 Oil Scenarios
- Stress-test portfolios for sustained $100 oil over a multi-week crisis to see sector-specific earnings and revenue impacts.
- RBC's survey found 72% of companies saw low earnings impact but consumer staples and materials scored worse.