Asia’s gasoline markets posted weekly gains of more than 26% as the peak of COVID-19 cases in China bolstered hopes of a speedy recovery in fuel demand at the world’s largest crude oil importer.

However, the gasoline crack ended its two-day winning streak, falling $3.18 to $15.14 a barrel on Friday amid strength in crude benchmarks.

A total of 100,000 barrels of benchmark-grade gasoline were traded in physical markets, with energy traders PTT and Unipec each buying a batch. There were no offers…