Commodities & Energy

Reuters provides in-depth coverage of China's crude oil futures market launch

Reuters provides in-depth coverage of China's crude oil futures market launch

Reuters provided in-depth coverage of the launch of China’s crude oil futures market, a key development in global oil trading. Ahead of the launch, Reuters accurately outlined all of the pitfalls and the potential the launch could have and explained how Shanghai crude futures complete the globalization of oil markets. Reuters also detailed how western merchants – not Chinese state oil majors – dominated initial trading, and that volumes traded in the new instrument were much higher than expected.