China’s Yuan Crude Oil Futures Jump to Record High | HappeningNow.news

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China’s Yuan Crude Oil Futures Jump to Record High

What I Cover My focus spans the global energy landscape and the technologies reshaping it, specifically focusing on oil and gas, renewables, and tech-driven market… The yuan-denominated crude oil futures trading in China hit this week…

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Summary

What I Cover My focus spans the global energy landscape and the technologies reshaping it, specifically focusing on oil and gas, renewables, and tech-driven market… The yuan-denominated crude oil futures trading in China hit this week their highest level since the contract was launched in 2018 as escalating threats to Middle East’s oil supply and increased purchases by Chinese refiners push prices higher.

Read original at Oilprice

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