Shanghai crude oil futures fall 2.56% in night session to 712.90 yuan/barrel

The split between energy and precious metals in the same session is the real signal here: crude weakness alongside gold and silver gains points to a risk-off tone rather than a broad commodity selloff. That divergence matters for anyone tracking Chinese demand expectations versus safe-haven positioning, since the two legs are moving for different reasons. Whether this energy-to-metals gap persists across coming sessions, or proves a one-night move, is the open question worth watching.