China's shrinking appetite for oil and grains turns traders bearish

Futures prices sink on Beijing's EV push, trade tensions and lower consumption

20250917N Oil field

Futures prices are falling for oil and some other commodities as Chinese demand diminishes, prompting bearish sentiment among traders. © AP

YUSEI SANADA and TOMOYA TAKAYAMA

TOKYO -- Hedge funds and other speculative traders are growing bearish on international commodities including oil and grains as Chinese purchases wane, with net long positions on U.S. crude futures falling to the lowest level in about 15 years.

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