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The End Of The Petrodollar? China Unveils Oil-Futures Launch Date

Posted by ipso facto @ 10:00 on February 16, 2018  

The start of trading, open to foreigners, will mark the end of years of delays and setbacks since China’s first attempt at a domestic contract in 1993.

Following December’s final successful test, in a challenge to the world’s dollar-denominated oil benchmarks Brent and West Texas Intermediate, China will list local-currency crude futures in Shanghai on March 26, according to the nation’s securities regulator.

https://www.zerohedge.com/news/2018-02-14/end-petrodollar-china-unveils-oil-futures-launch-date

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.