What's the difference in information from the API report and the EIA report?

Excelentj

Junior member
Messages
25
Likes
0
Hi Guys,

Another noob question from me, just want something cleared up if anyone can help?

EIA Report : shows the amount of commercial crude held by US firms.

API Report : Shows inventory levels of crude (per investing.com).

My question is, what is the difference between the two figures? they're obviously reporting different statistics but I can't get my head around what they might be?

thanks
 
Guys I asked on another website. The trader (who is a pro) said that the API is a guess of the EIA figure using various sources.
 
Top