According to the latest inventory data released by us energy information administration (EIA) on Thursday, as of the week of February 12, US crude oil inventories increased again. Previously published API gravity (API) data showed that crude oil inventories decreased by 3.3 million barrels. In addition, gasoline and refined oil stocks have also increased. Crude oil imports have also increased substantially.
Technically, under the influence of API, crude oil recorded a new high before EIA data, and then fell because the data was far below market expectations, and finally closed a high negative column, which is a signal to continue to fall in the short term. Operation is mainly based on short rallies.