Oil rebounded as the chances of a breakthrough in talks to revive an Iranian nuclear accord were seen by analysts as slim, reducing the odds that crude flows from the country would pick up further in the near term. West Texas Intermediate rose 1.6% after tumbling 4.6% on Monday, the biggest one-day drop since March 23. The fall was driven by prospects for the Iran talks later Tuesday, and a resurgence in Covid-19 infections in Europe. In addition, OPEC+ agreed last week to ease supply curbs in the coming months. The talks in Vienna between Iran, the U.S. and the remaining members of the 2015 nuclear deal are aimed at resurrecting the pact, potentially clearing a path toward removing sanctions on Tehran’s oil exports. WTI has swung either side of $60 a barrel in recent weeks “I think nuclear talks, coupled with a surge in Covid-19 cases in certain […]