According to data released on the 7th by the Energy Information Administration under the US Department of Energy, US commercial crude oil inventories fell by about 3.2 million barrels month-on-month to 424.1 million barrels in the week ending October 2, clearly exceeding market expectations. According to the data, both crude oil processing volume and crude oil export volume from US refineries have increased. Among them, crude oil exports increased by about 1.2 million barrels month-on-month, reaching 4.765 million barrels per day. The Energy Information Administration said that increased refinery processing activities and increased exports are the main reasons driving the decline in US crude oil inventories.

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