The impact of API data on spot crude oil is as follows:
(1), generally speaking, the decrease of api crude oil inventory indicates that crude oil consumption is high in economic activities, which is beneficial to oil prices.
(2) If the api crude oil inventory increases, it may be that the economy is less than expected, resulting in a backlog of crude oil and bad oil prices.
(3) Api data is published before eia crude oil inventory, so many people in the industry use Api data to predict eia crude oil inventory, which is actually accurate.
(4) api gravity publishes the inventory levels of crude oil, gasoline and distilled oil in the United States every week. This data shows how much oil stocks and products there are now, and you can know how long the supply will last. Moreover, the data shows the US oil demand by product and region, and also monitors the US crude oil production, crude oil imports and refined oil.
(5) API crude oil inventory data can show the economic situation of countries consuming crude oil-related products, and it also has a value impact on the US dollar. Because API crude oil inventory is published earlier than EIA, it is usually used to predict EIA. According to statistics, the same direction rate of API and EIA is as high as 8 1%, so it is known as the most reliable prediction data of EIA. EIA crude oil inventory data mainly shows the quantity of crude oil inventories in the United States this week, which directly reflects the supply and demand of crude oil. Therefore, it has a great impact on oil prices and crude oil futures, spot crude oil, gasoline, diesel and other fuels, emerging spot asphalt and other markets, and the US dollar index and related exchange rates will also be affected.
(6) Compared with EIA crude oil data, after the API data is published, the oil market will be closed due to the late publication time, and the oil price fluctuation will be relatively small. So don't rely too much on API crude oil data in operation, and it is safer to use EIA crude oil data as the basis.
The impact of environmental impact assessment on the investment market;
Generally speaking, the trend of crude oil is opposite to that of the US dollar index and the same as that of precious metals. Under special circumstances, the trend of crude oil deviates from that of precious metals.
When the crude oil inventory increases, it shows that the crude oil supply in the market is too abundant, which leads to the fall of oil price, the rise of US dollar and the fall of 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.
The change of crude oil inventory actually reflects the attitude of the US government towards oil prices. If the strategic crude oil inventory increases significantly, it shows that the US government recognizes the oil price at that time, which will increase the strategic inventory, reserve crude oil resources, intensify the contradiction between supply and demand, and lead to an increase in oil prices. On the other hand, if strategic crude oil
The sharp decline in inventory shows that if the US government denies the oil price at that time, it will reduce the strategic inventory, consume crude oil resources, ease the contradiction between supply and demand, and lead to a decline in oil prices.
The difference between EIA crude oil inventory and OPEC crude oil inventory is that EIA crude oil inventory has a more direct and greater impact on the US dollar exchange rate.