Tensions between Lebanon and Israel have eased, and the lack of economic stimulus measures from China's National Development and Reform Commission has led to market caution. As a result, international oil prices fell on October 8.

West Texas Intermediate (WTI) crude for November delivery decreased by US$3.57 (4.63%), reaching US$73.57/barrel on the New York Mercantile Exchange.

Brent crude for December delivery fell by US$3.75 (4.63%), settling at US$77.18/barrel.