Crude oil inventory, there are two parameters.What do API and EIA refer to?What is the impact of the foreign exchange market on that parameter?Main reference API or EIA?
Generally speaking, crude oil inventories decreased, indicating that the economic activity of crude oil consumption, oil prices are favorable; crude oil inventories increased, it may be less than expected economic, resulting in the backlog of crude oil, oil prices are bad. API data released before the EIA data, so many people in the industry to predict EIA data using API data, in fact, there is a certain degree of accuracy.
EIA crude oil inventory data from the U.S. Energy Information Administration (EIA) issued regularly every Wednesday, the data were measured weekly American company's commercial crude oil inventories, while the number of stocks can influence the impact on inflation and other economic influence of refined oil price.
API crude oil inventory is the American Petroleum Institute (API) crude oil inventory levels every Tuesday released the 1600 report of American crude oil, gasoline and distillate inventory, the data show that now how much oil inventory and products, so you can understand the supply will last long. And the data in accordance with the products and regions of the U.S. oil demand, monitoring U.S. crude oil production and imports of crude oil and refined oil
