Squawk_5543

With all the freaking terrible disasterous news lately, I thought we could all use a little good news. Even if it may be short lived....



AP
Stocks end higher as oil falls sharply
Thursday June 19, 5:52 pm ET
By Tim Paradis, AP Business Writer Stocks end moderately higher after China raises oil prices; Citigroup warns of write-downs
NEW YORK (AP) -- Stocks ended a back-and-forth session with modest advances Thursday as a sharp drop in oil prices helped counter renewed concerns about the strength of the economy. Oil fell nearly $5 per barrel after China announced plans to raise caps on gasoline and diesel fuel prices, a move that could ease global demand. The pullback in oil was welcome after weeks in which rising prices have pinned down investor sentiment with fears that the run-up would force businesses and consumers to curb spending.

Crude oil futures fell $4.75 to settle at $131.93 per barrel on the New York Mercantile Exchange after China disclosed plans to raise prices for gasoline and diesel fuel by 16 percent and 18 percent, respectively.


Every little bit helps...right?

KingAirDriver

But we're still gonna get it where the sun don't shine! They'll still raise the prices because they CAN! Haha, oye!! I agree with you though, every little bit.

Ewfflyer

Oh Yeah, it's only $131/barrel now!!!!!! Hopefully it'll come crashing down one day, but then again, I love to dream.