The petrol-yuan era is coming! - Part 2

https://www.reuters.com/article/us-china-oil-futures/china-plans-to-launch-crude-oil-futures-on-march-26-securities-regulator-idUSKBN1FT0P2

This posting is an update from our previous post below.

https://sg-stock.blogspot.sg/2018/01/the-petrol-yuan-era-is-coming.html

The oil price had been on a downward trajectory after China indicated the interest to start its own oil trading futures in RMB in Shanghai in January 2018.

The official date has been set for 26 March 2018 and this will definitely affect the international oil market as China is the largest oil importer now.