Oil up 10% today

wombat42_2

Oil up 10% today

Hungerdunger

Another wombat42 thread designed to worry people.

Perhaps it would be more useful to report on what the drop has been since the beginning of October.

Here's a BBC article which might explain things better.

wombat42_2

Hungerdunger wrote: »

Another wombat42 thread designed to worry people.

Perhaps it would be more useful to report on what the drop has been since the beginning of October.

Here's a BBC article which might explain things better.

Sigh. I wont bother to lower myself to your patronising tone. :mad:

Blah99

Wombat, thing is, he's right. Oil prices are down over 50% since the mid-year peak. The bounce today was something like $7 bringing light sweet crude up to about $65 (i don't have the figures in front of me).

You've taken the % rise totally out of context, and without context it's meaningless.

Jonbvn

Blah99 wrote: »

You've taken the % rise totally out of context, and without context it's meaningless.

Absolutely true. The same could be said of the rise in bank shares today. However, it is nothing that the meeja doesn't do on a daily basis (especially Sky News).