SHANGHAI – Crude oil futures closed lower Monday in daytime trading on the Shanghai International Energy Exchange.

The most active crude oil contract for September 2020 delivery was down 6 yuan (86 US cents) to close at 279.7 yuan a barrel.

The total trading volume for 14 listed crude oil futures contracts on the exchange was 165,746 lots, with a turnover of about 47.5 billion yuan.

China launched the crude oil futures trading, which is open to overseas investment, in March 2018.

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