Night futures open: fuel oil, pure benzene, crude oil, propylene up over 2%; silver, caustic soda down over 1%

The night session's split is instructive: the energy and petrochemical complex is bid together, from crude through fuel oil to pure benzene and propylene, which points to a feedstock-led move rather than an isolated contract story. The softness in Shanghai silver and caustic soda sits on the other side of that rotation, with nickel's dip hinting at broader industrial-metals caution. For RWA and tokenized-commodity watchers, the relevant signal is whether this crude-to-derivatives chain holds through the session, since that coherence — not any single contract — is what would confirm a genuine complex-wide repricing.