The recent drastic plunge below the psychological level of US$30 a barrel has contributed to a darkened mood among global investors. Photo: AFP

Falling oil prices are a benefit, but it will take time to see that

The direct positive effects of cheap oil have become less pronounced this time. When markets are as volatile and gloomy as they are now, not only is bad news seen as worse than it is, but even good news is cast in a negative light

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The recent drastic plunge below the psychological level of US$30 a barrel has contributed to a darkened mood among global investors. Photo: AFP
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