Did The World Skip A Day?

Posted: September 24, 2008 in Technology and Business
Two days ago oil shot up past the $130 level.  It eventually closed above $120.  Lots of news agencies covered it.  Here’s the headline from Reuters:
Yesterday, oil was trading around $107.
Amazingly — at least, I’m amazed by it — I couldn’t find a single headline that oil "plunged" $13.
What gives, did we skip a day?
P.S.  Oil closed down again today, around $105.  I finally found one — buried– report that said the jump in oil may have been artificially caused by a short squeeze and it was being investigated.  Unfortunately, no retractions, even news coverage, from any of the major news services.

Comments are closed.