What is the relationship between EIA and the price of crude oil?
When crude oil inventory data increase, the surface of the market above the supply of crude oil, crude oil will be bad.When crude oil inventory data is reduced, the surface of the market above the supply of crude oil will be reduced, favorable oil.The data can play a role, but does not mean that the trend will be in accordance with the data to go, must not be applied mechanically, further with technical analysis to give the most accurate judgment.
Spot crude oil is only in recent years, the rise of an investment product in the country, through the sale of crude oil on the network to make a difference. Oil trading is one of the important ways of financial transactions, have provided many opportunities to increase domestic economic development and personal finance, is currently in the initial stage in China, institutions are to be further improved, but also means a broad development space and commercial potential.
EIA released by the U.S. energy information agency statistics, published every Wednesday night is summer time 22:30, winter time later postponed for an hour. Spot crude oil market traders and international authoritative energy consulting agencies are using EIA inventory data. This data mainly shows when the weekly crude oil inventory data change Shi performance save search front burning gnawing Shi Vollmer are, will have a major impact on the trend of international crude oil.
