TREE NEWS reports: Shanghai International Energy Exchange crude oil futures for October 2026 delivery rose 1.62% in night trading to close at 714.70 yuan per barrel. Meanwhile, Shanghai gold futures fell 0.7% and silver futures dropped 0.25%.
Shanghai crude futures gain 1.62% in night session
The divergent moves in Shanghai's energy and precious metals complexes suggest shifting risk sentiment within China's commodity markets, with crude's gain potentially reflecting supply-side concerns or demand expectations that are not translating into haven buying. This split matters for traders monitoring cross-asset correlations, as it may indicate capital rotation away from metals into energy. The key watch point is whether crude's strength persists in the next session or if this is a short-term repositioning, given the lack of fundamental news in the data.
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