OIL PRICES

Oil Prices Continue Rangebound As Demand Doubts Balance Iran Concerns

Benchmark oil prices continued rangebound last week, with doubts about demand durability as the global economy falters being balanced against concerns over supply continuity if the Iranian sanctions standoff worsens. Early in the week WTI prices eased on weaker than expected US economic data, while Brent fell and recovered as Greece neared a deal to restructure debt. On 1 February WTI slid further as weekly US...