Yesterday, there was another reversal in international oil prices. Turkey launched military operations in northern Syria, and Turkish artillery was reported to have attacked the Kurdish People's Defense Forces in Tal Abyed, Syria. This has caused a resurgence of the situation in the Middle East, fearing to affect local crude oil transport, and once supported the rise in oil prices. In addition, Iran's unpublished military exercises along the Turkish border exacerbated the risk, with the Fed likely to cut interest rates in October, while supporting higher oil prices. However, the EIA inventory report released a negative outlook, and US crude oil inventories and crude oil production both increased, especially production reaching a new high of 12.6 million barrels per day. Oil prices have been restrained and the two oils have basically wiped out their daily gains.

As of October 9, WTI closed at 52.59 down $0.04, Brent at 58.32 up $0.08 and SC1911 at 445.3 up $8.1 per barrel.