CRUDE OIL INVENTORY/’000 bbls (Week Ended 1/16/15)

Current: 397,853

Actual Build/(Withdrawal): 10,071

Economist Average Estimate: 2,670

Previous: 387,782

Click here for the chart with five year averages.

Click here for an archive of EnerCom’s Inventory Reports.

ANALYST COMMENTARY

KLR Group

Thesis (as of January 13, 2015)
We expect Brent/NYMEX $62.50/$57.50 oil prices this year and $85/$80 next year. In our view, the negative supply implication of lower global oil resource capitalization over the next two years, e...


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