US petrol stocks rose by 1.9 million barrels last week, the Energy Information Administration said on Wednesday, compared with expectations for a drop of 1.8 million barrels.
Record new daily Covid-19 infection numbers in several US states and in Europe, along with further coronavirus lockdowns and China's crackdown on outbound travel, all bode ill for fuel demand. " might improve the demand tone for a week or two," said Lachlan Shaw, head of commodity research at National Australia Bank.
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