Press Enter to search · ESC to close

Macro

Shanghai crude futures gain 1.62% in night session

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%.

Original source

AI take

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.

Generated by AI for reference only.

Share

Related News

TREE NEWS share card
Long-press image above → Save to Photos / Share
Pitch us Feedback