| No. | SCHEDULE REPORT |
| 1 |
EIA Crude Oil Inventory Report When monitoring supply, crude oil investors pay particular attention to the US Energy Information Administration’s (EIA) Weekly Crude Oil Stockpiles Report, which tells us about commercial crude inventories. Traded by U.S. companies, both domestic and foreign. |
| 2 |
OPEC Monthly Crude Oil Report Organization of the Petroleum Exporting Countries (OPEC), in order to control crude oil prices through the adjustment of members’ production quotas, OPEC usually holds regular monthly group meetings. Since production accounts for more than 60% of the world’s crude oil, OPEC’s policy changes could have a dramatic impact on crude oil prices on the world market. This is the most important report, investors need to monitor when participating in crude oil investment. |
| 3 |
API Weekly Energy Report The American Petroleum Institute (API) weekly energy report is also one of the reports to note. The report includes U.S. crude inventory data relating to refinery operations, production, imports, and inventories of four major petroleum products: motor gasoline, petroleum jet fuel, and gasoline. fuel oil, distillate fuel oil and residual fuel oil. |
| 4 |
CFTC Fund Status Report The CFTC Fund Status Report, also known as the Commitment of Traders (COT) report, is issued by the Commodity Futures Trading Commission (CFTC). This report will measure the volume of positions (positions), trading volume of investors in the market in the last week and the change figures for the week. This is an analytical tool intended to provide investors with an overview of the market. Detailed analysis of the CFTC report will help investors make judgments about trends and activities taking place in the commodity and futures markets. |
Why Crude Oil Investors need to know and understand data reports?
API, EIA, or OPEC crude oil reports show that crude oil inventories have increased more than expected. In essence, that means the supply is more than the demand for crude oil market, and the price of crude oil could fall. The reported weaker-than-expected crude oil inventories mean that crude oil demand is increasing strongly, which in turn will increase the price of crude oil.
Crude oil is an investment channel that brings many emotions of joy and anger because it is also quite difficult to analyze and predict, because crude oil prices are affected by many factors: politics, weather, travel demand. of people, cold winters, hot summers…
