The full name of EIA is us energy information administration's (EIA) crude oil inventory in the current week, which was calculated and released by American Energy Information Association (EIA) according to the changes of crude oil inventory of commercial companies in the past week. The reason why it is concerned by the market and affects the trend of crude oil price is because the increase or decrease of crude oil inventory of commercial companies will affect the price of crude oil, and then affect the Canadian dollar, because Canadian crude oil exports account for a large proportion in the economy. Weekly crude oil inventory changes (API data) have a greater impact than american petroleum institute. The data include: EIA crude oil inventory, EIA refinery equipment utilization rate, EIA refined oil inventory, EIA gasoline inventory, and EIA natural gas inventory announced the next day. Among them, EIA crude oil inventory has a great influence on the international crude oil trend in that week.

How does EIA data affect the trend direction and release time of crude oil asphalt

Published once a week, every Wednesday night 1 1: 30 (daylight saving time 10:30).

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 drop in crude oil.

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 decline of US dollar and the increase of crude oil.