North Sea Brent crude could rise above $100/bbl if US GDP figures due
for release at 1330 GMT surprise to the upside, says Filip Petersson at SEB
Commodity Research. However, the overall outlook for Brent remains
neutral-to-bearish as several fundamental supports have weakened lately.
Warmer
weather, a projected easing in Chinese product demand and Brent's tendency
toward contango, all point to the end of the winter rally, he adds. ICE March
Brent +52c at $97.91/bbl. Nymex March light, sweet crude -3c at $85.61/bbl.