Oil prices were little changed on Friday, with Brent holding near $70 a barrel as strong U.S. economic data and expectations of a rebound in global demand offset concerns about more supply from Iran once sanctions are lifted. Brent was up 8 cents, or 0.1%, to $69.54 a barrel by 0902 GMT, while U.S. West Texas Intermediate crude rose 11 cents, or 0.2%, to $66.96 a barrel. “Boosted by good economic data and risk appetite among investors on the financial markets, Brent is making a renewed bid for the psychologically important $70 per barrel mark,” said Commerzbank analyst Eugen Weinberg. “Concerns about demand because of the pandemic are giving way to optimism in view of the rapid return of consumers,” he added. Brent and WTI are both on track to post weekly gains of 4% and 5%, respectively. Analysts expect global oil demand to rebound closer to 100 million […]