A few days ago Jennifer wrote about how media reports impact oil prices. I agree with her that a lot of what media or even commodities analysts say for the media have a great impact on oil prices.
Check this article out this morning:
- This is the headline “Oil prices fall below $127 a barrel on demand concerns” Don’t you think that the proper heading should read: “Oil Prices fall below $127 a barrel on demand relief“? The original headline makes it seem that it is a BAD thing demand is slowing down. Bad for who? speculators? don’t we consumers make up the majority of impacted people.
It justs seems that news reporters need to get it straight that news like this one are a good thing for everyone overall.