Driving home today from Taos, NM I listened to a number of radio stations. In the news they ALL mentioned that oil had traded as high as $143/barrel. I was quite suspicious when they didn’t mention the actual price at the close of trading. The chart below depicts the true picture…
Hey, hey, hey… looks like oil traded over $143/barrel for almost a whole hour, then proceeded to drop $3/barrel and actually close at a loss for the day.
Pathetic news reporting, truly pathetic.
