Crude oil prices have been trading in a tight range since the start of the New Year as geopolitical tensions in the Middle East counter now chronic economic concern. Still, benchmarks booked a decline in the first trading day of the new year as worry about the U.S. economy specifically temporarily outweighed fears of another escalation in the Red Sea. if(window.innerWidthADVERTISEMENTfreestar.config.enabled_slots.push({ placementName: "oilprice_medrec_atf", slotId: "oilprice_medrec_atf" });';document.write(write_html);} "Energy markets were unable to escape the broader pressure seen on risk assets with equity markets also weaker…
