Nevertheless, there was a surplus of 570,000 barrels per day in China in September when crude Oil processing data is compared with crude Oil import and domestic crude Oil production data, Commerzbank's commodity analyst Carsten Fritsch notes.
The outlook for New Zealand Dollar (NZD) is neutral now, and it is likely to trade in a range between 0.5685 and 0.5770, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
The US Dollar strengthened across the board for the third consecutive day on Tuesday. The pair is trading near 98.75 at the early European session, at a short distance from the 98.85 intraday highs, and well above the 98.00 lows hit last Friday.