China's commercial crude oil inventories declined 1.9 percent month-on-month in October as crude imports fell sharply, data showed Monday.
Net imports of crude oil fell 12.7 percent in October, while the amount of oil refined increased, bringing stocks down.
Diesel reserves also dropped due to high demand from autumn farming and construction projects in October.
However, gasoline stocks rose slightly as the cold weather affected travelling and reduced demand for petrol.
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