18.05.2015 - Oil Investors Take a Closer Look at Production
A spotlight has landed on a previously overlooked metric as oil traders drill deeper for clues on price movement. A spotlight has landed on a previously overlooked metric as oil traders drill deeper for clues on price movement. More often, investors are looking to weekly U.S. oil-production data from the U.S. Energy Information Administration for signs the global glut of crude that sunk prices last year is starting to shrink. That data point, however, has some significant, well-known limitations, and some analysts say traders are giving too much credence to it...............................................Full Article: Source
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