Oil dropped after the biggest three-day gain since March, with the latest Covid-19 resurgence still clouding the outlook for fuel demand. Futures in New York fell below $68 a barrel after rising almost 10% over the past three sessions. Shrinking U.S. stockpiles, a rebound in Indian demand and China’s containment of its latest outbreak are providing some positive signs for the market, but restrictions on mobility still remain in place in many regions due to the fast-spreading delta variant of the coronavirus. Oil has been volatile this month, clawing back some losses this week after the worst streak of declines since October 2019. The European Union will discuss on Thursday whether to reimpose curbs on U.S. visitors as cases spike, while the market will be looking for any changes to production policy from the OPEC+ alliance when the group gathers on Sept. 1. “The persistent spread of the delta […]