EIA crude oil inventory data released
When crude oil inventories increased, indicating that excess supply of crude oil on the market, resulting in oil prices fell, the dollar rose, gold fell.When crude oil inventories decreased, indicating strong demand for crude oil on the market, leading to rising oil prices, the dollar fell, gold rose.Changes in crude oil inventories actually reflect the attitude of the U.S. government on oil prices. If the strategic crude oil inventories increased significantly, indicating that the U.S. government recognized the oil price, it will increase the strategic inventory of crude oil resources, thereby increasing the supply and demand contradiction led to rising oil prices. Vice versa。Therefore, the difference between EIA crude oil inventories and OPEC crude oil inventories for the dollar is that the impact of EIA on the dollar exchange rate is more direct, but also greater impact.
U.S. Energy Information Association (EIA) is the U.S. Department of energy under the energy information agency, is an official body, and now the market's traders and the international authority of the energy advisory bodies are using EIA inventory data. The data published once a week, every Wednesday evening when the winter time is 11:30 (DST 10:30) announced that the data will cause certain impact on currencies and precious metals market, investors need to pay close attention toIn general, the trend of crude oil prices and the dollar index trend, the same trend with precious metals.
Every Wednesday evening 10:30, crude oil inventory report released, has always been on the crude oil market changes are more obvious
