What is the meaning of crude oil super week
Spot crude oil refers to the super week refers to the first week of the month, the reason is called super week because this week there will be a lot of big market data.
Spot crude oil refers to the super week refers to the first week of the month, the reason is called super week because this week there will be a lot of big market data.Spot crude oil super week data such as: crude oil stocks EIA, small non farm ADP, unemployment, non farm, etc., are the trend of crude oil has a great impact.
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.If the inventory level is lower than expected, bullish crude; if the inventory level is higher than expected, bad crude oil.The data published once a week, every Wednesday evening released time for 22:30 (winter 23:30).
