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China’s Benchmark Crude Oil Futures Have Never Been So Expensive
Source: Bloomberg
Energy Markets & PricesCommodity FuturesTrade Policy & Supply ChainCommodities & Raw Materials
China's yuan-priced crude futures surged to a record high after a Saudi Arabian oil-pipeline shutdown constrained global supply. Refiners in China, the world's largest crude importer, increased cargo purchases, reinforcing supply-driven upward pressure on oil prices.
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