Shanghai crude oil futures close up 1.11% at 690.70 yuan/barrel

The divergence between Shanghai crude oil and precious metals in night trading suggests a rotation in risk appetite within the Chinese commodity complex. Crude's resilience, despite a broader pullback in gold and silver, points to energy-specific supply or demand factors outweighing macro-driven sentiment that is pressuring metals. This affects traders monitoring cross-asset momentum on the Shanghai International Energy Exchange. The key is whether crude can sustain its bid while metals continue to slide, which would confirm a sectoral shift rather than a temporary blip.