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Crosspost: How Will China’s Crude Futures Benchmark Impact Global Oil Markets?
SAFE's Matt Piotrowski talks to Platts Capitol Crude about China’s motivations behind its crude futures contract, what its chances are for success, and why it matters for U.S. consumers and American energy security.

China’s Crude Benchmark Key in Developing the Yuan’s Power
The petrodollar system isn’t going to be turned upside down overnight, but China’s rising status will continue to disrupt the status quo, sending a powerful message that the country seeks to consolidate its strength as an economic superpower.