Four Charts Show How World's Newest Oil Futures Fared This Week
- High costs may deter foreigners from China contract: Goldman
- Fluctuating prices, low open interest seen in Shanghai futures
Photographer: Bartek Sadowski/Bloomberg
This article is for subscribers only.
The burden of a quarter century of expectations is weighing on China’s oil futures.
The yuan-denominated contract that was launched this week has lofty goals -- from providing a benchmark for buyers in the world’s biggest oil-consuming region to challenging the dominance of the dollar and encouraging the Chinese currency’s use in global trade.