![Oil steady as rate rise talk counters China demand hopes](https://market-tracker.in/wp-content/uploads/2022/10/oil-2_6-sixteen_nine-1.jpg)
Oil steady as rate rise talk counters China demand hopes
On Friday, the market began to weigh fears about high inflation as optimism about a potential increase in energy consumption in China faded. The price of Brent crude futures had dropped by 5 cents to $92.33 per barrel. The price of U.S. West Texas Intermediate futures increased by 7 cents to $84.58 per barrel. “With several…