Brent crude futures settled at $101.21/bbl, up $3.29 or 3.36%.

U.S. API weekly crude stocks fell 327,000 barrels in the week to Sept. 4, versus a forecast draw of 1.336 million barrels; prior draw 2.593 million barrels.

CSRC Vice Chairman Li Chao said at a Sept. 10 State Council Information Office briefing the commission will deepen market mechanisms to attract long-term capital, promote a steady increase in the size and share of long-term funds in the market, and vigorously expand equity mutual funds to bolster the stabilizer role of long-term institutional investors. He said the CSRC will strengthen cross-market, cross-industry and cross-border risk monitoring, work to establish a long-term mechanism for monetary-policy tools that support the capital market and broaden the policy toolbox, and enhance expectation management and the public-opinion environment.