EIA analysis: oil demand and stocks head in different directions

The long-standing belief that energy demand in the US could do nothing but rise inexorably continues to fade in the rear view mirror. It’s been replaced by week after week, month after month of various reports showing a decline in consumption. This week’s EIA weekly statistical report showed another drop in demand, and a concurrent big rise in inventories.

You can read Platts’ analysis of this week’s report at http://platts.com/PressReleases/2012/010512c.