Wrapped Gas Pump, by a Syracuse MFA student. Photo from Flickr.
In the Post this morning, in an article on the front page of the Business section, in an item describing yesterday’s stock market gains, we find the following:
“Driving yesterday’s gains was yet another drop in oil prices, which tumbled to their lowest level in seven weeks. A barrel of light, sweet crude on the New York Mercantile Exchange fell $2.54, to $122.19.”
“Every time the price of oil takes a dive, the market surges,” said Ed Yardeni, chief investment strategist for Yardeni Research. “Investors are becoming increasingly confident that we may have well seen the peak in crude oil prices.”