Oil was little changed as Chinese efforts to cushion the impact of anti-virus lockdowns failed to reassure investors over the outlook for Asia’s top economy. West Texas Intermediate traded near $110 a barrel, having faltered initially even as China rolled out a broad package of measures to support businesses and aid demand, including policies to help people buy cars and ensure cargo transport runs smoothly. As China’s curbs drag on, banks are pruning forecasts for growth in the largest oil importer. UBS Group AG cut its gross domestic product projection to 3% from 4.2%, while JPMorgan Chase & Co. downgraded to 3.7% from 4.3%. “The market is underwhelmed by China’s efforts to cushion the impact of China’s increasingly controversial Covid Zero approach which has seen growth projections slump,” said Ole Sloth Hansen, head of commodities research at Saxo Bank A/S. US benchmark oil has traded in a narrow range […]