News Wrap

IN News Wrap: Sceptical views on the oil price rally; crude could slip to $US20 a barrel range, says Citi; and calls for a new lead government investigator into CSG-related flowback probe.

Oil rally scrutiny

Crude prices have gained for three trading days in a row with Brent (March delivery) up 0.9% to $58.34 overnight while West Texas Intermediate (March) climbed 2.3% to $52.86/bbl.