Oil - Bearish
The oil markets are trading marginally higher after better than expected growth data from Japan. News that the Japanese economy grew by 1.1% in the fourth quarter, supported by government stimulus programs, has seen Brent Crude for April climb 0.2% to $73.10 per barrel. Any recovery in oil prices continues to be dampened by concerns over attempts by the Chinese to ease growth in their own economy. WTI crude for March is also currently up 0.2% at $74.31 per barrel.