Shanghai crude oil contracts turnover soars to highest since launch


Shanghai crude oil contracts turnover soars to highest since launch

* Turnover on Shanghai crude oil contracts for delivery in September shot to their highest on Thursday since their launch last week, with heavy volumes overnight

* Jump in turnover amid growing jitters in U.S. and European markets about military escalation in Syria

* Some 43,686 lots of crude, equivalent to 43.7 million barrels of oil, had changed hands by 9:53 a.m. (0153 GMT), including night session from 9:00 p.m. to 2:30 a.m. local time

* That exceeds the daily total volume for the first 11 days since the market’s launch on March 26 Read More