Oil prices were little changed on Friday as market participants balanced concerns about high inflation with optimism that China could see an increase in energy demand.

Brent crude oil futures LCOc1 lost 5 cents to trade at $92.33 a barrel at 00:02 GMT. US West Texas Intermediate Futures CLc1 rose 7 cents to $84.58 a barrel.

Brent was on track for a 0.7% weekly gain, while WTI was expected to fall 1.3%.

To fight inflation, the US Federal Reserve is trying to slow down the economy and will…

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