The article is silly.. they are reporting on not much more than a meaningless tick. It isn’t “down” by any stretch. It moved 10X as much both up and down intraday during the past day or two.
The financial press always has to provide a reason for a move, but the reason they give are rarely connected to the move in a share price.
One day in Yahoo Finance, I had two headlines, one on top of each other and posted 1 minute apart:
- Oil Steady as Traders Wait for Inventory Report
- Oil Down Sharply on Chinese Gas Price Increase
It was something like that and they were posted to Yahoo Finance literally 1 minute apart.
I’ve seen that too. “Camel f@rts in Kuwait, oil supply threatened” (AP) “Camel f@rts in Kuwait, gas plentiful” (UPI)