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Classic provider of reel oil (7)

Ross

I believe the answer is:

lorelei

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'classic provider' is the definition.
The definition and answer can be both people as well as being singular nouns.
Maybe they are linked in a way I don't understand?

'of reel oil' is the wordplay.
'of' indicates an anagram (the answer comes from or 'of' the letters).
'reel'+'oil'='reeloil'
'reeloil' anagrammed gives 'LORELEI'.

Can you help me to learn more?

(Other definitions for lorelei that I've seen before include "alluring female" , "Fatal attraction" , "Rhine rock of siren legend" , "voice to die for" , "Rhine Rock where siren lived" .)

I've seen this clue in the Evening Standard.
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