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Monday, 26 March 2018

China launches yuan crude oil futures

China launches yuan crude oil futures

OpeOluwani Akintayo with Agency report 26 March 2018, Sweetcrude, Lagos — China today, launched its Yuan-denominated oil futures today in Shanghai. The country’s crude oil futures were launched with 15.4 million barrels of crude for delivery in September. According to Reuters, Glencore, Trafigura, and Freepoint Commodities were among the first to buy the new contract. …

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