what is EIA? How to predict EIA crude oil inventory? Recently, the madness of crude oil has stunned many investors. At the same time, the drastic changes mean that trading opportunities have become bigger, and many investors have gathered in the crude oil market. The data affecting the non-agriculture of crude oil industry has attracted many investors' attention. That is EIA crude oil inventory. This data is the weather vane of American crude oil inventory. By observing the changes in the American crude oil market, we can explore the development prospect of oil prices.

What is EIA?

EIA should predict that API crude oil inventory data will be published before EIA data is published, which is called the most reliable EIA crude oil data prediction index. API mainly publishes data of American oil, gasoline and distilled oil. What is the difference between EIA and API?

firstly, the nature of the organization is different. EIA is directly under the U.S. Department of Energy, and API is the largest oil and gas trade association in the United States. One is state-owned and the other is private. Secondly, EIA is the U.S. Department of Energy, with greater power, more complete methods, more accurate survey results and more random API. Since July 214, statistics show that 8% of EIA and API data are recorded. In short, Known as the Energy Information Bureau, the information bureau is mainly responsible for data statistics, analysis and prediction. Therefore, after the oil crisis from 1973 to 1974, EIA began to collect and publish all the data of oil refining, inventory, natural gas, pipelines and other energy markets in various States in the United States, and learned all the information of the Department of Energy in the United States. Most importantly, it reported all aspects of energy independently without the influence of the government. It was approved by the White House in May 215. You can use your own data to make it more accurate and timely. The data has a huge impact on crude oil, causing a thousand waves. The US government also attaches great importance to this data.