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

The most active crude oil contract for September 2020 delivery was down 2.3 yuan (33 US cents) to close at 280 yuan a barrel.

The total trading volume for 13 listed crude oil futures contracts on the exchange was 149,330 lots, with a turnover of about 42.73 billion yuan.

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

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