Shanghai crude futures jump 5% intraday on Middle East supply risk
Question
Shanghai crude futures jump 5% intraday on Middle East supply risk
Direct answer
Bullish for Shanghai crude futures (SCmain) and Chinese refiners; supports global benchmarks WTI (CL) and Brent (BZ), while adding upward pressure to inflation expectations and shipping costs.
- Original publisher
- Market Ontology
- Evidence through
- 2026-07-18
- Published
- 2026-10-20
- Revision
- 1 · 2026-10-20
Cite as: Market Ontology, “Shanghai crude futures jump 5% intraday on Middle East supply risk”, revision 1, evidence through 2026-07-18. https://marketontology.com/market-events/2026-07-18/shanghai-crude-futures-jump-5-intraday-on-middle-east-supply-risk-b46314
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What happened next
| Asset | Call | Base close | +1 day | +5 days | +20 days |
|---|---|---|---|---|---|
| CL | Updisagreed | 92.98 2026-07-17 | -1.13% | -2.40% | -1.11% |
Closing prices from stored daily bars; returns measured from the last close on or before the event date. Not a recommendation.
Sources
Related
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