Delta Covid variant sends global shares and oil lower          

Opec and its allies also believe oil markets do not need more oil than they plan to release in the coming months

European shares followed a surprise slowdown in China's economic indicators.

A rising number of Delta cases and fears of the global economic fallout from restrictions in China, Japan, and Australia came back to haunt markets, sending stocks and crude oil lower.  

European shares followed a surprise slowdown in China's economic indicators, with the Stoxx-600 index down by 0.5%, while the price of Brent crude slid $2.20 to $68.38 a barrel.