Oil dipped after a two-day gain as investors assessed the demand outlook amid a Covid-19 resurgence in many regions. Futures in New York edged toward $74 a barrel after rising more than 2% on Friday. The rollout of vaccines and rebound in economic activity across major economies, particularly the U.S., has underpinned increasing fuel consumption. The spread of the highly infectious delta variant of the virus and uncertainty over supply from the OPEC+ alliance are clouding the outlook, however. There are also signs that China’s rebound is slowing. It’s economy was always expected to descend from the heights hit during its initial rebound, but economists say the softening has come sooner than expected. Oil’s upward momentum was interrupted last week after an OPEC+ meeting on output levels was abandoned . Crude capped its first weekly loss since May — despite an end-of-week rally — with the stalemate raising concern […]