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7.5

Shanghai crude futures hit record as Middle East supply threats and Chinese buying surge

Yuan-denominated crude futures on Shanghai International Energy Exchange reached their highest level since launch in 2018, driven by escalating Middle East supply threats and increased Chinese refinery purchases. This signals rising risk premium in oil markets and growing influence of China's crude benchmark.

Parkietabout 22 hours agoCN, SA, IRCredibility 20%View source

Score Breakdown

Mosaic Score7.5
Confidence0.7
Significance0.8
Source credibility0.2

Intelligence Tags

#crude oil#futures#china#middle east#supply risk#yuan

Locations

Shanghai

Entities

countrycountrycountrymarket
Source

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