Petro Yuan Just Launched! U.S. Petrodollar DOOMED as China Attempts To Control Oil Market!

It finally launched! They said it wouldn’t happen but it did. After many delays and much skepticism, the Yuan based oil futures market has launched.

Will this be a DEATH BLOW to the PETRODOLLAR?

Is this the end for the U.S. Petrodollar? China has officially launched it’s Yuan based oil future market. Upon its initial release, it is trading to a premium to its U.S. counterpart. Markets are definitely going to be shaken up especially after such a much anticipated move.

Chinese Oil Contract to Rival U.S. WTI and U.K.’s Brent Is Born – Bloomberg

https://www.bloomberg.com/news/articles/2018-03-26/china-s-first-ever-yuan-oil-futures-begin-trading-in-shanghai

Crude Oil

http://www.ine.cn/en/statements/sc/

2018-03-25_18-54-50.jpg (890×463)

https://www.zerohedge.com/sites/default/files/inline-images/2018-03-25_18-54-50.jpg?itok=hRpAidFG

2018-03-25_19-12-58.jpg (890×467)

https://www.zerohedge.com/sites/default/files/inline-images/2018-03-25_19-12-58.jpg?itok=r4jxgvLm

Yuan to be used for Sino-Russia oil trade

http://www.ecns.cn/business/2015/06-04/167968.shtml

Russian companies ‘de-dollarize’ and switch to yuan, other Asian currencies — RT Business News

https://www.rt.com/business/164752-russiia-de-dollarize-yuan-china/