As of the 4/4 close, domestic crude oil futures fell by more than 8% compared with the opening price of the listing, while US crude oil fell by less than 4% in the same period. The maximum turnover in a single day was 67,000 lots, while the position in that day was only over 6,000 lots. On the one hand, domestic crude oil futures are not completely controlled by international crude oil futures, but go out of its own relatively independent market, and China has certain pricing power for crude oil. On the other hand, crude oil futures are mainly intraday trading, and the investment structure of China futures market is mostly retail investors. Even if crude oil futures have a threshold of 500,000 yuan to open an account, retail investors can still participate in it through capital allocation. As for the impact on the international market, the market is generally short these days, but the small market did not follow suit or open sharply overnight, and the domestic and foreign markets were relatively independent.