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Shanghai crude oil futures roar into action

Monday, March 26, 2018 - 01:49

China has launched yuan-dominated crude oil futures, a major step in Beijing's years-long push to win greater sway over oil pricing. As Ciara Lee reports, around 12 million barrels of Shanghai's most-active September contract changed hands in the first 55 minutes of trade - and the buyers weren't just Chinese.

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China has launched yuan-dominated crude oil futures, a major step in Beijing's years-long push to win greater sway over oil pricing. As Ciara Lee reports, around 12 million barrels of Shanghai's most-active September contract changed hands in the first 55 minutes of trade - and the buyers weren't just Chinese.

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Shanghai crude oil futures roar into action

Monday, March 26, 2018 - 01:49