Reuters | China seeks expanded oil market influence with new futures contract Financial Times China launched its long-awaited renminbi-denominated oil futures contract on Monday, as the world's largest crude importer seeks to extend its influence over the pricing of barrels sold into Asia. It is the first Chinese futures product which can be ... Brent crude oil futures above $70 per barrel on Middle East tension China's Oil Futures Are Here. What You Need to Know: QuickTake China's first ever yuan oil futures begin trading in Shanghai |