June 5 Macroeconomic data forecast interpretation: 4. U.S. crude oil inventory in the last week of May. Attention ★★★★

U.S. EIA crude oil inventory (10,000 barrels) for the week ending May 31. This data is a weekly crude oil inventory change indicator released by the U.S. Energy Administration. This data will partially affect U.S. energy prices and can also extend to the impact on inflation.

This data is released once a week and updates the inventory of domestic crude oil in the United States in real time.

Data influence: ★★★★
Data credibility: ★★★
Data release: 22:30,

Data: previous value -4.156 million barrels, expected -2.311 million barrels,

Impact:
This data updates the inventory of domestic crude oil in the United States in real time. At the same time, the inventory of crude oil will affect the energy price of the United States and the profitability and price of energy-related companies, and extend to whether it will bring pressure on inflation.

The published value is equal to or higher than expected, the reduction in crude oil inventory is in line with expectations, the market supply and demand are tight, and it is good for crude oil prices.
The published value is equal to or higher than the previous value, crude oil inventories have decreased beyond expectations, market supply and demand have become more tense, and crude oil prices are more favorable in the short term.
The published value is less than expected and the previous value, crude oil inventories have decreased less than expected, market supply and demand have eased, and crude oil prices have been less affected.

Logic:
US energy prices are an important part of measuring inflation, so the rise and fall of energy prices may help control inflation. In addition to external international crude oil prices, the factors affecting US energy prices also include the internal US inventory and supply and demand. Through this data, we can effectively understand the supply and demand of domestic crude oil prices in the United States in May.
It is known that the three inventories that have been announced in May have reduced by 1.362 million barrels in the first time, 2.508 million barrels in the second time, and 1.825 million barrels in the third time. As of now, the net inventory in May has decreased by 2.045 million barrels. According to the current data, the result of US domestic inventory crude oil is tight market supply and demand.

Note: This data is one of the values ​​used as a reference for recording, and its core is also used to analyze and calculate the inflation situation in the United States in May. A single data has little impact on the risk market. If you only focus on tonight or this week's market, you can basically ignore it.

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