CRUDE prices continue to trade in a narrow range above $110 a barrel, as bearish data from the US failed to soften oil markets. Meanwhile, geopolitical worries and signs that the global economic recovery may be gaining speed supported prices.
In London, on 2 February, front-month Brent was trading at around $111.70/b at midday, barely firmer than the previous day’s close.
Support for oil prices came from the EU, where...