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Shanghai crude oil futures hit four-month high

Crude oil futures closed higher Tuesday at the Shanghai International Energy Exchange (INE).

The most active crude oil contract for May delivery was up 10.9 yuan (about 1.6 U.S. dollars) to close at 470.2 yuan a barrel, which hit the highest level in four months.

On Tuesday, the total trading volume for 7 listed crude oil futures contracts on the exchange was 323,910 lots, with a turnover of 151.1 billion yuan.

China launched the crude oil futures trading, which is open to overseas investment, on March 26 last year.
Source: Xinhua

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