The influence weight of national crude oil inventory data on oil prices is 3 stars;
The impact weight of Cushing crude oil inventory data on oil prices is 5 stars.
2. Different data functions.
Cushing crude oil inventory reflects the situation of American crude oil market, which is the economic data that American authorities are very concerned about, and it is also the crude oil inventory data that traders in spot crude oil market and international prestige consulting institutions often use.
Through API data, we can understand the oil demand in various regions of the United States and monitor the crude oil production, crude oil export and refined oil inventory in the United States.
3. The sources of inventory data are different.
The national crude oil inventory was released by API gravity (API), and api gravity (API) was established in 19 19, with its headquarters in Washington, D.C., and it is a non-profit organization with the nature of an industry association integrating oil exploration, development, storage, transportation and sales.
Cushing crude oil inventory data is published by the Electric Power Information Administration of American Electric Power Materials Association (EIA) and belongs to official prestige data.
Extended data:
Generally speaking, the trend of crude oil is opposite to that of the US dollar index and the same as that of precious metals. Under special circumstances, the trend of crude oil deviates from that of precious metals.
The change of crude oil inventory actually reflects the attitude of the US government towards oil prices.
If the strategic crude oil inventory increases significantly, it shows that the US government recognizes the oil price at that time, which will increase the strategic inventory, reserve crude oil resources, intensify the contradiction between supply and demand, and lead to an increase in oil prices.
On the other hand, if the strategic crude oil inventory is greatly reduced, it shows that the US government denied the oil price at that time, which will reduce the strategic inventory, consume crude oil resources, ease the contradiction between supply and demand, and lead to a decline in oil prices.
The difference between EIA crude oil inventory and OPEC crude oil inventory is that EIA crude oil inventory has a more direct and greater impact on the US dollar exchange rate.