International oil prices surged significantly on the 10th, while U.S. Strategic Petroleum Reserve (SPR) levels fell below 300 million barrels, remaining at their lowest range since the 1980s. By the close of trading that day, the price of light crude oil futures for September delivery on the New York Mercantile Exchange had climbed by $3.95 to settle at $82.13 per barrel, a 5.05% increase. The October delivery contract for Brent crude oil futures in London rose by $4.17, closing at $87.72 per b

International oil prices rose significantly on the 10th, while the United States Strategic Petroleum Reserve (SPR) fell below the 300 million barrel mark, reaching its lowest range since the 1980s. At the close of trading that day, the New York Mercantile Exchange September delivery light crude oil futures price surged by $3.95 to close at $82.13 per barrel, an increase of 5.05%. London Brent crude oil futures October delivery contract price rose by $4.17 to finally close at $87.72 per barrel, a gain of 4.99%. As a major global oil consumer and reserve power, the continued decline of the US Strategic Petroleum Reserve has caused widespread market concern over the stability of future crude oil supply, which to some extent has also pushed up international oil prices during this round of increases.