Oil prices registered a higher note early Wednesday with a surprise draw in the U.S.’ crude oil inventories, although stocks are still abundant with lower demand expectations due to the coronavirus outbreak.

Brent crude was trading at $59.47 per barrel at 0630GMT on Wednesday for a 0.29% gain after closing Tuesday at $59.30 a barrel. The international benchmark lost 2.26% on Monday due to risks that China’s economic growth and global oil demand could be hurt in the first quarter of 2020 due to the outbreak.

American benchmark West Texas Intermediate (WTI) was trading at $54.05 a barrel at

Read more: Oil prices up with surprise crude inventory draw