By Scott DiSavino NEW YORK (Reuters) – Oil prices were little changed on Monday as markets balanced an expected drop in demand due to mass testing for COVID-19 in China against ongoing concerns over tight supply. Brent futures for September delivery gained 8 cents, or 0.1%, to settle at $107.10 a barrel, while U.S. West Texas Intermediate (WTI) crude fell 70 cents, or 0.7%, to settle at $104.09. With the U.S. Federal Reserve expected to keep raising interest rates, open interest in New York Mercantile Exchange (NYMEX) futures fell on July 7 to its lowest since October 2015 as investors…
