Oil broadly stable despite rising virus cases, higher U.S. crude stockpiles - Reuters

Oil broadly stable despite rising virus cases, higher U.S. crude stockpiles - Reuters:

Oil prices were broadly stable on Wednesday, recouping earlier losses after rising U.S. 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. U.S. 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 U.S. coronavirus outbreak crossed a grim milestone of over 3 million confirmed cases on Tuesday as more states reported record numbers of new infections.