Shanghai crude oil futures fall 7.07% in night session; gold, silver rise

The split between a sharp crude selloff and simultaneous gains in precious metals points to a risk-off rotation rather than a broad commodity move, with gold and silver acting as the haven leg while oil absorbs the demand-side pressure. This matters most for traders holding cross-commodity exposure on the Shanghai exchange, where a single night session can reprice both energy and metals books at once. The open question is whether this divergence persists into the next session or proves to be a one-night repricing.