Delta Cases Rise in Mainland China Oil reversed earlier losses as sentiment improved in broader markets even though the spread of the delta coronavirus variant, including in the key market of China, continues to pose a risk to demand. West Texas Intermediate futures rose 0.9%, after slumping by the most in two weeks on Monday. Equities in Europe gained on Tuesday with positive earnings reports helping offset concerns over the virus. Covid-19 is forcing governments to reimpose or extend curbs, with residents in Beijing advised not the leave the capital as flights are being canceled. Some cities and townships have been sealed by local authorities. Crude rallied strongly in the first half of the year as the rollout of vaccines allowed major economies to reopen, boosting oil demand and draining the glut built up during the initial wave of the pandemic. The pace of gains slowed in July as […]