Brent not really yet buying into a Chinese rebound in demand?

Brent crude has backed off so far today. On Friday Brent settled $0.36 lower on the NYMEX exchange, at $79.04. Earlier today the price fell back to a low at $77.50, from an opening session high at $78.55. Perhaps that was due to a lack of any Middle East escalation? However, and despite gains in mainland Chinese equity markets today, it could due to significant doubts on the true recovery prospects in that region. Whatever the reason, it seems that producers are still taking advantage of the recent more than $10 rebound in prices, to hedge future production. Brent just stalled a couple of times on an intraday rebound above $78.25 and it is just now slipping backwards again, currently trading at $77.73