Another Example Of Headlines / Stories Being Written Ahead Of Actual News -- April 10, 2018

Updates

Later, 6:58 p.m. Central Time: apparently a US destroyer with 60+ Tomahawk missiles is not off-shore Libya. It is being reported that Russian jets are buzzing our destroyer. It is now being rumored that if North Korea actually agrees to denuclearize and join the "world community," for all practical purposes there will only be two rogue nations left: Russia and Iran.


Later, 6:57 p.m. Central Time: I don't know too much that is going on in that part of the world right now, but my simple mind suggests there are only two or three ways to accomplish the May-Trump objective:

Original Story

The story in the screen shot was posted at 3:44 p.m. CDT. The data was released by the API at 3:30 p.m. CDT. The last time-stamp in the article was 3:36 p.m. CDT.

So, Ms Julianne Geiger read the API release at 3:30 p.m; analyzed the data; confirmed the data; wrote the story; reviewed the story; edited the story; sent it to the editor; the editor posted it; with an obviously incorrect headline (not once in the story is there any evidence that the price of oil "slipped"); and then linked it to other pages at the website. The last time-stamp in the article was 3:36 p.m. so Ms Geiger could not have sent the article up to her editor until at least after 3:36 p.m and yet by 3:44 p.m. a fairly long article was written, revised, edited, sent, posted, and linked -- all in eight minutes.

The headline writer probably had two headlines ready to go; the headline writer was simply waiting for the API number. With an "unexpected" increase in both crude oil and gasoline inventories, the headline writer assumed the price of WTI and Brent would "slip" and that's the headline that was selected.

Here is the screenshot of the article. Because it was a long article, it took three screen shots and did not include irrelevant parts of the story:

This was the API data:

Here is the "price chart" for oil taken from the same site at the same time.

The good news: a great day for oil bulls and there is a suggestion the price will continue.

There are a number of factors pushing the price of oil up, but one wonders if the likelihood that there will be some kind of "allied"  military response to the recent gas attack is not the main driver.