IEA raises 2017 oil demand growth forecast by 110k bpd to 1.3m bpd

International Energy Agency out with their latest report 13 Dec

2016 demand growth up by 120k bpd to 1.4mln bpd
will take OPEC/non-OPEC deal to take effect before reassessing market outlook
market could enter 600k bpd deficit in H1 if OPEC/non-OPEC comply, but not an IEA forecast
Global crude supply hit record 98.2 mln Bpd in Nov
OECD oil inventories fell for third month in a row in Oct, down 75 mln bbls from July record of 3.102 bln bbls

WTI currently $52.80 Brent $55.75 both near session highs.