De-Dollarization Accelerates: China Readies Yuan-Priced Crude Oil Benchmark Backed By Gold Authored by Tsvetana Paraskova via OilPrice.com, The world’s top oil importer, China, is preparing to launch a crude oil futures contract denominated in Chinese yuan and convertible into gold, potentially creating the most important Asian oil benchmark and allowing oil exporters to bypass U.S.-dollar …
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