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China launches oil futures to stake claim on its own benchmark - Financial Times
Financial Times | China launches oil futures to stake claim on its own benchmark Financial Times China launched its long-delayed renminbi-denominated oil futures on Monday, as it establishes a pricing benchmark in the type of high-sulphur crude favoured by its refineries, wresting some control from Brent, the global oil standard, and US benchmark ... Turning Sour on China's Oil Benchmark China's oil futures surge on their debut China challenges Europe, US benchmarks with launch of first oil futures contract |
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