Entire television stations broadcast financial news twenty four hours a day and three hundred and sixty five days a year. The world, however much we dislike it, is run by a capitalist market system and every decision made at the summit of these markets by multi millionaire chief executive officers will impact our lives. The price of oil is not just dependent on standard market forces of supply and demand but also by other factors such as the value of the US dollar as Oil is seen as a strong commodity over time. In periods of high risk, investors prefer to find safe assets such as oil, gold and other commodities. As such oil can be priced far out of the market and because we drive to work we are forced to pay these higher prices.

Therefore it is very important to keep abreast of changes in the financial markets in order to prevent any major problems in the medium to long term. The major recession which has rocked ninety per cent of the world was caused by instability in financial markets and a piece of legislation in the financial markets that failed to cause a stir when it was passed nearly a decade ago.

If more people had paid attention to the financial news at this time and had shown how disappointed in the legislation they were then the sub-prime crisis which caused the huge and catastrophic global recession may well have been prevented.

Financial news is rarely impartial so it is important to notice who is making the announcement and why they are making the announcement.