What is EIA?

Us energy information administration (EIA for short) was established in 1977, which is the statistics and analysis organization of energy information data of the Department of Energy, and provides support services for energy decision-making in the United States. Headquartered in Washington, D.C., it aims to improve the rationality of decision-making and market performance, and promote energy and economy, environment and China +nin+ by providing information on energy policy and energy forecasting and analysis.

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What is EIA crude oil data?

Data interpretation: EIA crude oil data is an American indicator, which measures the weekly changes of commercial crude oil inventories of American companies, and the increase or decrease of inventories will affect crude oil prices.

Data release agency: us energy information administration.

Release frequency: every Wednesday (may be delayed)

Statistical method: changes in crude oil inventories of commercial companies in the past week.

Importance: extremely high

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What are the fields of EIA statistics?

EIA, as the official engine, China+NIN+Extension+DE+BO+Xuan+Industry+ZE+/Structure, counts the crude oil inventory level of Cushing, Oklahoma, USA, which is the main inland oil producing area in the United States, and determines the price of this North American "benchmark" crude oil-West Texas Light Crude Oil (WIT). Cushing's water storage reflects the transportation speed of American crude oil from China, China+NIN+Tuo+DE+BO+Xuan+Industry+Ze+/main inland producing areas to major refining areas along the Gulf Coast. The increase of Cushing crude oil inventory will put pressure on WTI price, and vice versa.

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How to invest in crude oil according to EIA inventory data?

1, crude oil investment logic:

When the increase of crude oil inventory is higher than expected, it shows that the oversupply of crude oil in the market will lead to the decline of oil prices, and it is recommended to short crude oil;

When the decrease of crude oil inventory is lower than expected, it shows that the market demand for crude oil is strong, which will lead to an increase in oil prices. It is recommended to do more crude oil.

2. Historical influence on crude oil fluctuation:

According to statistics, on the day of the EIA inventory data report, the historical average daily volatility of crude oil was 2.77%, and the maximum daily volatility was as high as 8.37%, which was an excellent opportunity to invest in crude oil every week.