Sydney Morning Herald | This almost forgotten metric is suddenly driving the oil market The Globe and Mail This past Friday, traders were bent over their desks, staring at their screens, waiting for 1 p.m. ET to see whether drillers extended their biggest-ever retreat from U.S. oil fields. (They did.) Oil futures spiked within minutes of the count, closing ... The Hot New Statistic Oil Traders Are Watching Is 71 Years Old The hot new statistic oil traders are jumping on is 71 years old How a 71-year-old statistic became the new go-to data for oil traders in a ... |