Oil broadly stable despite rising virus cases, higher US crude stockpiles
Oil prices were broadly stable on Wednesday, recouping earlier losses after rising US crude stockpile data and an increase in coronavirus infections in the United States cast doubts over a swift pickup in oil demand.
Brent crude futures fell 1 cent to $43.07 a barrel by 0832 GMT. US West Texas Intermediate (WTI) crude futures dropped 8 cents to $40.54 a barrel.
Both benchmarks are set for a fourth session of daily percentage changes of less 1% in either direction.
The US coronavirus outbreak crossed a grim milestone of over 3 million confirmed cases on Tuesday as more states reported record numbers of new infections.
