Oil futures priced in Chinese yuan could arrive before Christmas

Reuters/Stringer (CHINA) CHINA OUT China may be days away from launching a crude oil futures contract priced in yuan. The new contract will challenge the dominance of the petrodollar. After years of setbacks and delays, China may be days away from launching a yuan-priced crude oil futures contract to make its currency more international and challenge the dominance of the petrodollar. Many Chinese investors eagerly anticipate the start of yuan oil futures trading on the Shanghai International Ene...