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Fundamental Analysis
EIA Petroleum Status Report
Posted by
8 August, 2013, 5:55 PM
The Energy information administration (EIA) publisshes weekly information on Petroleum inventories in the US, weather produced in USA or in rest of the world. The level of inventories helps determine prices for petroleum products.
Petroleum prices are determined by supply and demand like any other goods and services. Crude oil is an important commodity in the global market. The fluctuating prices depending on supply and demand condition in the world. IF inventory comes lower than expected it is positive sign for crude price and if inventory data comes in possitive, it is negative for crude prices means downward movement in prices.
On the basis of these kind of data smart investors and traders plan their trading strategies in stock market, share market, commodity market to get maximum profit on their investments.
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