The influence weight of API crude oil inventory data on oil price is 3 stars;
The impact weight of EIA crude oil inventory data on oil prices is 5 stars.
2. Different data functions.
EIA's response to the US crude oil market is the economic data that the US authorities are very concerned about, and it is also the crude oil inventory data that traders in the spot crude oil market and international prestige consulting institutions often use. Through API data, we can understand the oil demand in various regions of the United States and monitor the crude oil production, crude oil export and refined oil inventory in the United States.
3. The sources of inventory data are different.
API crude oil inventory was released by API gravity (API), and api gravity (API) was established in 19 19, with its headquarters in Washington, D.C., and it is a non-profit organization with the nature of an industry association integrating oil exploration, development, storage, transportation and sales.
EIA crude oil inventory data is released by the U.S. Power Information Administration (EIA), which was established in 1977 and belongs to the U.S. Department of Power. This is a power statistics organization established by Congress and headquartered in Washington, D.C. The EIA crude oil inventory data is released by the Electric Power Information Administration of the American Electric Power Materials Association (EIA) and belongs to the official prestige data. ?
4. The data content is different.
API crude oil inventory data mainly reports the inventory levels of crude oil, gasoline and distilled oil in the United States. The data reflects the oil demand of the United States by products and regions, and monitors the crude oil production, crude oil imports and refined oil products of the United States.
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.
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