The Petroyuan Cometh: Launch Of Renminbi-Denominated Oil Futures Contract Imminent

by Tyler Durden
ZeroHedge.com
09/11/2015

“One-by-one, the oil-majors will start to participate, then others will follow. While it might take some time to establish itself due to choppy markets and regulatory hurdles as well as the fact that it would introduce a foreign exchange element to crude futures, it is overdue for a Chinese contract to established.”

The Rest…HERE

This entry was posted on Saturday, September 12th, 2015 at 1:47 am and is filed under China, Economics, Oil. You can follow any responses to this entry through the RSS 2.0 feed.