Stan Chart on oil - demand growth to outpace non-OPEC supply growth

From a client note overnight by Standard Chartered on oil demand - this just a snippet

• "We expect oil demand growth to outpace non-OPEC supply growth in both 2018 and 2019,"
• "In our view, the back of the Brent and WTI curves are both still underpriced. We do not think that prices below $US65 per barrel are sustainable into the medium term."

Earlier on today we got inventory data showing a huge draw:

• OIL - private inventory data shows bigger than expected draw in US crude inventory

Which added another leg to Tuesday (US time) price gains