LONDON—Oil was little changed on Friday and heading for a weekly gain, as Middle East tensions and oil output disruptions caused by cold weather in the U.S., the world’s biggest producer, balanced concerns about the health of the Chinese and global economies.
Pakistan launched strikes on separatist extermsists inside Iran on Thursday in a retaliatory attack, while the U.S. launched new strikes against Houthi anti-ship missiles aimed at the Red Sea.
