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The Almighty Dollar: Is US Dominance In The Oil Trade Waning As China Begins Using RMB For Payment? - Forbes
Forbes | The Almighty Dollar: Is US Dominance In The Oil Trade Waning As China Begins Using RMB For Payment? Forbes China surpassed the U.S. as top oil importer last year, importing 8.4 million barrels per day versus U.S. imports of 7.9 barrels per day. Due to its status as a major market for crude oil, China launched RMB crude futures on March 26. The new futures ... |
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