Wholesale Sales Improved and Inventories Unchanged (SPY +0.6%). ECRI's WLI Growth Rate Continues To Improve. Oil, Gas Rigs Increase For Seventh Straight Week.
The Market in Perspective
Here are the headlines moving the markets.
Norways Oil Lobby Criticizes Government Plan To Triple Carbon Tax
The Norwegian Oil and Gas Association, the powerful oil lobby in Western Europes largest oil producer, criticized on Friday the Governments plan to more than triple carbon taxes, saying such a steep increase would raise the costs of oil production and reduce Norways competitiveness. The Norwegian Government unveiled on Friday a comprehensive climate action plan for emission reductions by 2030. For the first time, a government is putting forward a compelling, comprehensive plan for cutting emissions in every sector.