Shanghai Crude Oil Futures Fall 5.28% in Night Session to 762.50 Yuan/Barrel

The split matters more than the headline: crude's sharp night-session drop alongside gains in gold and silver points to a session where the energy complex and precious metals decoupled rather than trading on one macro impulse. For yuan-denominated hedging and RWA-linked commodity exposure, that divergence complicates the usual inflation-hedge narrative, since crude and metals are often read together as a single reflation trade. Whether this gap persists into the next session, or reflects thin night-session liquidity, is the open question.