Customer inventories had its largest decline in six months.
Jordan, Knauff & Company
The Jordan, Knauff & Company (JKC) Valve Stock Index was up 7.3% over the last 12 months, and the broader S&P 500 index was up 12.7%.
Russia’s invasion of Ukraine threatens to further disrupt global supply chains just as shipping delays were starting to decline.
It’s difficult to measure how much the omicron variant is affecting the economic recovery.
Despite volatility in global oil markets, U.S. crude oil exports hit a record high in 2020 and remain high in 2021. High oil prices have contributed to steady crude oil exports.