What is EIA crude oil inventory?
EIA crude oil inventory is the main information source of energy data, analysis and forecast in the United States. According to American law, EIA crude oil inventories are only reported independently and are not affected by the government. EIA report usually refers to the weekly crude oil inventory data, which is called the weather vane of the US oil market and is widely used by market traders and international authoritative energy consulting institutions. The data is usually released at 22:30 every Wednesday night in Beijing time (23:30 in winter, and the United States enters winter this week).
Factors affecting EIA crude oil inventory
Changes in US strategic oil reserves: US oil inventories include commercial inventories and strategic inventories. Commercial inventory is basically affected by market supply and demand, and strategic inventory needs to consider non-market factors such as geopolitics and military action. Any change in some inventories will directly affect EIA data.
Influence of financial and monetary competition: Global financial and monetary competition makes the competition between crude oil resources and prices fierce. International financial competition faces the background and conditions of economic, trade, military and political complexity, which are concentrated in crude oil strategy and crude oil price.