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- China may launch a global crude oil futures contract in October
China may launch a global crude oil futures contract in October
China may launch a global crude oil futures contract in October. The new contract should compete with the London Brent and the U.S. WTI benchmarks, and boost the use of the yuan.
The Shanghai International Energy Exchange (INE) sent a draft of the contract to market participants last month.
The Chinese government approved the futures contract last year.
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