"There are jitters ahead of the OPEC. People are looking for any bullish noises ahead of the meeting and trying to anticipate that. There is some nervous sentiment in the market, with potentially bullish news about US inventory data on Wednesday,"
A London-based broker said, commenting on strengthening global crude futures.
"The possibility of another crude oil production cut is little...If the OPEC members show a favorable commitment to the total two-phased 1.7 million b/d cut, without having it necessary to apply an additional cut in the March meeting, the oil market will enjoy a relative stability in 2007."
Hossein Kazempour Ardebili told students' news agency ISNA.
Updated: March 13, 2007
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