Four Charts Show How World's Newest Oil Futures Fared This Week - Bloomberg:
"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. The debut on Monday, which ended years of delays and setbacks since China’s first attempt to list the securities in 1993, was given a hand by some of oil’s biggest names including Glencore Plc and Trafigura Group. Yet data from the first few days of trading signal the futures have a ways to go for success."
'via Blog this'
No comments:
Post a Comment