China's national futures market traded 4.166 billion lots worth 402.08 trillion yuan (about 59 trillion U.S. dollars) in the first five months of the year, marking increases of 24.84 percent and 40.13 percent respectively, according to the latest data from the China Futures Association.
Market activity has remained stable overall, with the sector's role in serving the real economy continuing to strengthen, analysts said.
National futures market's trading volume rises over 40 pct year-on-year in Jan-May period
The Organization of the Petroleum Exporting Countries (OPEC) lowered its forecast for global oil demand growth this year for the second month in a row, citing the prospects for weakening demand in non-OECD economies.
In its monthly oil market report released on Thursday, the Vienna-based oil group projected that global oil demand in 2026 will rise by 970,000 barrels per day from 2025 levels, down from the 1.17 million-barrel growth forecast in its May report and the 1.38 million forecast in April.
The downward revision, according to the report, was driven primarily by reduced demand expectations from non-OECD countries.
OPEC lowers forecast for 2026 global daily oil demand growth for second straight month
