What can eia data represent?

EIA is released by us energy information administration Statistics, and the release time is 22: 30 every Wednesday night in summer time, and the winter time is delayed by one hour. Traders in the spot crude oil market and international authoritative energy consulting institutions all use EIA inventory data. This data mainly shows that the change of crude oil inventory data in the current week will have a significant impact on the trend of international crude oil.

Spot crude oil is an emerging investment product in China in recent years. It earns the difference by buying and selling crude oil online. Crude oil trading is one of the important financial trading methods, which provides many opportunities for domestic economic development and personal financial management. At present, it is in the initial stage in China, and the system needs to be further improved, but it also means broad development space and commercial potential.

When the crude oil inventory data increases, there will be an oversupply of crude oil in the ground market, which will be bad for crude oil.

When the data of crude oil inventory decreases, the supply of crude oil in the ground market will decrease, which will be beneficial to crude oil.

Data can have an impact, but it doesn't mean that the trend will definitely follow the results of the data, and it must not be copied mechanically. It needs to be further combined with technical analysis to give the most accurate judgment.