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Sunday, 25 March 2018

China aims to challenge Brent, WTI oil with crude futures launch

China aims to challenge Brent, WTI oil with crude futures launch

25 March 2018, Beijing — The launch of China’s yuan-denominated oil futures will mark the culmination of a decade-long push by the Shanghai Futures Exchange (ShFE) aimed at giving the world’s largest energy consumer more power in pricing crude sold to Asia. The exchange said on Friday it had set the opening price for the …

The post China aims to challenge Brent, WTI oil with crude futures launch appeared first on SweetCrudeReports.

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