The first day of trading saw the Chinese sell 20 MILLION barrels of crude oil, Spet contacts for around $68.78 and even as high as $70. BUT, sold in their YUAN currency. So… 20,000,000 barrels x $68.78 (sold in Yuan, …
by Jesse Colombo After the sharp early-February market correction in both U.S. equities and crude oil, traders and investors have been racking their brains trying to figure out what the next major market move will be – will it be …
Is the Petrodollar really being threatened by the Yuan crude exchange? Perhaps not right away but as the years go on? China is officially creating their Yuan based crude oil exchange. This is huge news globally but the western media …
by Victor Mozambigue Crude-oil, a commodity making billions of dollars became a losing game in 2014. With lowering oil prices, it was likely that oil will never be ‘black gold’ again. The prices reached sub-$30 per barrel level and the …