API statistics of crude oil inventory data will also have an impact on crude oil prices. The data is also released every Wednesday at 4: 30 am Beijing time.
If the published value is greater than expected, it means that the supply exceeds demand, which will be bad for crude oil and lead to a decline in oil prices; If the published value is less than expected, it means that the supply is in short supply, which will increase crude oil and lead to an increase in oil prices.
2. EIA: It is the Energy Information Administration under the U.S. Department of Energy, and it is an official institution. At present, traders in the market and international authoritative energy consulting institutions all use EIA inventory data. This data mainly shows the US crude oil inventory this week, which has a great impact on crude oil and crude oil products (gasoline, diesel oil, asphalt, etc.). ), and it will also have a certain impact on the foreign exchange market and precious metals market, which investors need to pay close attention to.
The EIA inventory is generally published once a week, and the time is Wednesday night 10: 30 (23:30 in winter time) in Beijing time. This data has a great influence on the crude oil market, which is called "the night of non-agricultural crude oil", and some people call it "one night in stock, one year in the stock market", which shows how much influence it has on the crude oil price.
Generally speaking, if the published value is greater than expected, it means that supply exceeds demand, which will be bad for crude oil and lead to a drop in oil prices; If the published value is less than expected, it means that the supply is in short supply, which will increase crude oil and lead to an increase in oil prices.