China plans to set a new benchmark for crude oil when Shanghai starts trading oil futures
plans to set a new benchmark for crude oil when Shanghai starts
trading oil futures, a move traders argue would better reflect
the massive demand for crude in that country, writes Luke
US-based WTI and the UK's Brent oil contracts are the global
standards for crude trading but China wants to set a new
benchmark when the Shanghai International Energy Exchange
starts offering crude futures, perhaps as early as this
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