Shanghai crude oil futures rise 1.63% in night trading to 617 yuan/barrel

The split within Shanghai's night session is the more telling signal: crude firm while precious metals soften suggests the move is energy-specific rather than a broad commodity or currency story. Silver's sharper decline alongside a smaller gold dip points to industrial-demand sensitivity being priced differently from monetary hedges. For RWA and tokenized-commodity watchers, this is a reminder that onshore Chinese pricing can diverge from Western benchmarks in either direction. Whether the crude gain holds through the next session, and whether the metals weakness persists, is the open question.