Oil traders tried to use Apple mobility data to predict market recovery, left 'disappointed'

Oil traders tried to use Apple mobility data to predict market recovery, left 'disappointed'
Oil traders looking for ways to estimate fuel demand were disappointed by Apple's mobility data, a report claims

Credit: AppleCredit: Apple
Apple in mid-April unveiled a new Mobility Trends Report tool that visualized anonymized Apple Maps data requests. At the time, traders thought they had found a clue to guess at the speed of fuel demand recovery from the coronavirus pandemic.

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