Generally speaking, the price trend of crude oil is opposite to that of the US dollar index and the same as that of gold and silver.

When crude oil stocks increase, it shows that there is an oversupply of crude oil in the market, which leads to a drop in oil prices, a rise in the dollar and a fall in gold.

When the crude oil inventory decreases, it shows that the market demand for crude oil is strong, which leads to the rise of oil price, the fall of US dollar and the rise of gold.

Therefore, the difference between eia crude oil inventory and OPEC crude oil inventory is that eia has a more direct and greater impact on the US dollar exchange rate.

In addition, another crude oil storage data in the United States is the folk version of american petroleum institute (api) crude oil inventory data. The data is generally released once every Tuesday, and the release time is every Wednesday morning in Beijing time.

04:30 (5:30 in winter). Theoretically, these two data tend to be in the same direction, and api data is equivalent to the forward-looking index of eia inventory data.