Oil prices jumped 3% on Monday, recovering from a seven-day losing streak, with gains driven by a weaker dollar despite demand concerns stoked by rising cases of the Delta coronavirus variant. Brent crude climbed $2.17, or 3.2%, to $67.35 a barrel by 0901 GMT after touching its lowest since May 21 at $64.60. U.S. West Texas Intermediate (WTI) crude for October delivery rose $2.11, or 3.3%, to $64.25. The price had hit $61.74 in early Asia trade, also representing the lowest level since May 21. Both benchmarks marked their biggest week of losses in more than nine months last week, with Brent sliding about 8% and WTI about 9%. Many nations are responding to the rising coronavirus infection rate by introducing new travel restrictions. “We expect to see more adjustments this week, but the market sentiment will likely remain bearish, with growing concerns over […]