Oil prices rebounded modestly today but were far from able to reverse yesterday's bloodbathery as delta variant (demand) scares combined with OPEC+'s production deal (supply) dominated any equity-exuberance spillover affect with WTI unable to get back above $68. "It is hard to see prices staging a comeback unless virus jitters are brought back under control," said Stephen Brennock of oil broker PVM. "The market is clearly unsettled about the demand outlook." Behind the burst of volatility is a realization that vaccines won't prevent episodic flare-ups in infection and the introduction of measures to control new ... (full story)