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OIL PRICE INCH UP DESPITE UNEXPECTED GAIN IN U.S. STOCKPILES

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"Heading into 4Q18, we expect rising non-OPEC oil production as supply outages abate and greenfield projects ramp up," Bank of America Merrill Lynch (NYSE:BAC) said in a note to clients.
"Currently, non-OPEC supply outages are at a 15-month high of 730,000 barrels per day. However, nearly half of these volumes are in the process of being restored," it said.
Official U.S. fuel inventory and crude production data will be published on Wednesday by the Energy Information Administration (EIA)
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