EIA, which belongs to the US Department of Energy, is an official organization, and its statistical data is published (this data does not include strategic oil reserves). Traders in the spot crude oil market and international authoritative energy consulting institutions all use EIA inventory data. The data is published once a week at 22: 30 on Wednesday (23: 30 in winter time).
Extended data:
EIA data impact:
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 the strategic crude oil inventory is greatly reduced, it shows that the US government denied the oil price at that time, which 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 trend of crude oil is opposite to 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.
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.
Baidu encyclopedia -EIA crude oil inventory