SHFE Crude Oil Futures 2611 Contract Closes Night Session Up 3.26% at 754.20 Yuan/Barrel

The session's split is the story: crude rallying while gold and silver retreat suggests the move is being read as an energy-specific supply or demand signal rather than a broad inflation or risk hedge. That distinction matters for how the region's commodity complex is positioned, since a crude-led move carries different implications for refiners and industrial users than a precious-metals one. Whether the divergence persists into the next session, or whether metals catch up to the same macro narrative, is the open question.