Hello,
i do not think that i am very stupid, but i cannot find a difference in the definition of API Crude inventories and EIA weekly crude stock in the definitions-can anybody explain to me, what is the differnce?
One is speaking of just storage vs one that’s being used during business operations. With higher demand for oil in a commercial setting you’d expect bullish prices.
The first just speaks on its reserve and how much supply you’re holding. The 2nd is dealing with a supply/demand chain since it’s an actual product being bought/sold for commercial usages and purposes.
The latter or the 2nd would be important for you to look at as a trader vs the 1st one if you’re trying to differentiate.
OK,thanks!
Thanks, now everything is definitly clear.
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