Crude surging to multi-year highs as China launches new oil benchmark
Published time: 26 Mar, 2018
”Crude oil futures in Shanghai rose 6 percent on the debut of the petro-yuan. Investors rushed in to buy the new oil contracts from the world’s largest oil consumer, China.”
”Analysts have noted that the launch of the petro-yuan could shatter the petro-dollar’s dominance of the crude oil market.”
https://www.rt.com/business/422304-petro-yuan-oil-prices/
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- The debut of the petro-yuan.
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