The ramp-up in imports comes as USA oil prices have dropped against Brent and Dubai DUB-1M-A, the benchmarks for Atlantic Basin and Middle East crude, making American oil attractive for Korean refiners.
OPEC and other producers, including Russian Federation, agreed to cut their production by around 1.8 million barrels a day until next March to drain a global oversupply and prop up prices.
After months of range-bound trading during which OPEC-led supply cuts supported crude prices but rising USA output capped markets, prices have moved up significantly this month just as demand looks stronger than at any point in recent months, especially in China.
Despite prices dipping after reports of Iraqi forces taking control of previously Kurdish-held oil fields, Brent crude futures were still at $57.70 at 0646 GMT, 2.7 percent higher than last Friday's settlement and nearly a third above mid-year levels.
The ongoing political friction between the United States and Iran also increased the global risk for oil.
US crude inventories fell 5.7 million barrels last week, the Energy Information Administration said, exceeding analysts' expectations. U.S. West Texas Intermediate light crude was up 20 cents at $52.07.
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Oil prices ended little changed on Tuesday, steadying after earlier gains and losses, as expectations of high US production and exports offset concerns that fighting between Iraqi and Kurdish forces could threaten the country's crude output.
Crude prices have increased significantly this month just as demand seems sturdier compared to any point in previous months, especially in China. The drain on the surplus of the five-year average in global crude oil inventories is supported by a production ceiling steered by the Organization of Petroleum Exporting Countries.
US President Donald Trump refused to confirm Iran's compliance over a nuclear deal that has left Congress 60 days to consider implementing new sanctions against the country.
According to some reports, Kurds had shut down some 350, 000 barrels per day (bpd) of production from major fields Bai Hassan and Avana because of security worries.
"What has helped risk appetite this morning is that the Chinese inflation data suggests the world's second biggest economy is doing much better than people expected this time a year ago for 2017", said Michael Hewson, chief markets analyst at CMC Markets. Both contracts traded up almost 1 percent and down over 1 percent during the day.
Initial estimates Tuesday from the American Petroleum Institute, an industry group, showed a 7.1 million barrel decrease in crude supplies last week.