API what is the meaning of crude oil data
API crude oil inventories is the American Petroleum Institute (API) crude oil inventories, the American Petroleum Institute released every Tuesday, 1600 of crude oil, gasoline and distilled oil inventories of crude oil inventory levels.
When crude oil inventories increased, indicating that excess supply of crude oil on the market, resulting in lower oil prices, the dollar rose.When crude oil inventories decreased, indicating strong demand for crude oil on the market, leading to rising oil prices, the dollar fell.U.S. crude oil inventories official data for EIA data, the latest EIA data please attention: crude oil inventory data
The data show how much oil inventory and products now, so you can understand how long the supply will last. And the data in accordance with the products and regions of the U.S. oil demand, while monitoring U.S. crude oil production and crude oil imports and refined oil. How to analyze the crude oil price trend according to API crude oil inventory data?
