CRUDE OIL INVENTORY/’000 bbls (Week Ended 1/30/15)

Current: 413,060

Actual Build/(Withdrawal): 6,333

Economist Average Estimate: 3,940

Previous: 406,727

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ANALYST COMMENTARY

KLR Group

Demand

Demand of ~18.6 Mmbpd decreased ~9.1% w/w, and the four-week moving average decreased ~90 bps to ~3.8% higher y/y. Gasoline demand of ~8.4 Mmbpd was down ~6.4% w/w, and distillate demand decreased ~19.3% to ~3.7 Mmbpd. ...


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