Recent data show that the decline in shale oil output and drilling activities in the United States has brought some support to the oil market, and Turkey will launch military operations in northern Syria, which has raised the geopolitical risk premium of crude oil. Oil prices rose for a time. However, a series of weak U.S. economic data, including weak manufacturing activity and a sharp slowdown in service sector growth, worsened the prospects for global oil demand. At the same time, before the Sino-U.S. trade negotiations, the market was cautious and wait-and-see attitude was strong, coupled with the rise in the dollar exchange rate, and some investors closed their profits, causing oil prices to retreat again.

As of October 7th, the WTI closed 52.75 down 0.06 U.S. dollars, the newspaper 58.35 fell 0.02 dollars, SC closed.