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Covid transitioned from a cap to the bulls to energy for the bears in the Fuel markets on Tuesday. As this publication as documented in recent days, India continues to struggle with the virus. India has reportedly seen lower refinery runs in that nation. This suggested reduced demand in the third largest oil consuming market. Recent lockdowns have added to that worry. Also, late in the trading day rumors of API inventory builds also pressured markets lower. Today is EIA’s weekly report where traders will be closely watching inventory levels.