Crude oil prices could push above $100 a barrel heading into 2011 due to a combination of a cyclical improvement in demand, the rapid weakening in the US dollar and strong global liquidity growth, says Francisco Blanch, head of global commodities research at Bank of America-Merrill Lynch.

Demand in emerging markets is coming back with a vengeance, led by China, and will lend tremendous support to the global oil market in 2010.