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Crude oil futures fall over 3% intraday as open interest rises, signaling fresh short positions
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Crude oil futures for the November 2026 contract weakened during intraday trading on the Chinese market, with losses widening to 3.33%. The latest quoted price was 810.5 yuan per barrel. Turnover reached approximately 67.855 billion yuan, while open interest increased by nearly 3,000 lots during the session. The rise in open interest alongside falling prices indicates that new positions are being added by sellers, suggesting bearish sentiment and potential for further downside. The data comes from Jin10, a Chinese financial information provider.
Source report
Crude oil futures for the November 2026 contract weakened during trading, with losses widening to 3.33%. The latest price stood at 810.5 yuan per barrel.
Key Trading Data
- Turnover: Approximately 67.855 billion yuan
- Open Interest: Increased by nearly 3,000 lots intraday
The rise in open interest alongside falling prices indicates increasing positions being built during the downturn.
Source
金十数据Neutral / independent
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