Night session opens: SC crude, fuel oil, LU down over 3%; silver up over 1%

The split opening is the signal: energy and petrochemical futures are selling off together while silver and parts of the industrial complex firm up, suggesting the move is about the oil chain specifically rather than broad risk appetite. That matters for China's fuel and chemical producers, whose margins track these contracts closely. Whether the energy weakness stays confined to the night session or bleeds into day trading — and whether silver's bid holds — is the open question.