CRUDE OIL INVENTORY/’000 bbls (Week Ended 12/12/14)

Current: 379,942
Actual Build/(Withdrawal): (847)
Economist Average Estimate: (2,213)
Previous: 380,789

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ANALYST COMMENTARY

**All notes from 12.17.14**

KLR Group

Demand
Demand of ~20.5 Mmbpd increased ~5.2% w/w, and the four-week moving average increased ~170 bps to ~4.3% higher y/y. Gasoline demand of ~9.4 Mmbpd was up ~9.6% w/w, and distillate demand increase...


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