This narrative the media is peddling about oil and the market is BS too. When oil was crashing, all we heard was that it was unequivocally good for America. Then we saw the results in the oil sector of layoffs and bankruptcies, and suddenly it wasn't so good. US retail has been crashing too, despite the supposed benefits of these low oil prices, with those savings mostly going to ever-rising healthcare costs and the general inflation that the Fed insists is non-existent, for instance it seems like almost every restaurant near me has raised prices by 8%-10% recently, and I'm not talking about the cheapest fast food chains. My property taxes are up a similar amount. Yay for no inflation! Now with oil rising, does it not follow that it's worse for America? Higher costs when consumers and companies are obviously struggling? And yet whenever oil is going up, they tell us that's why the market is up, and vice versa.