Barron'sChina Seeks Greater Role in Global Oil TradeBarron'sSeven grades of crude will be accepted for delivery under the Chinese futures contract, including Basrah Light, a Middle Eastern high-sulfur “sour” oil. China is the biggest buyer of Basrah Light, …

Barron'sChina Seeks Greater Role in Global Oil Trade - Barron'sBarron'sChina Seeks Greater Role in Global Oil Trade. New petroleum futures contract, denominated in yuan, will let foreigners into Chinese commodities market for first time.China's oil …