Petro Yuan Just Launched! U.S. Petrodollar DOOMED as China Attempts To Control Oil Market!

Is this the end for the U.S. Petrodollar? China has officially launched it’s Yuan based oil future market. Upon its initial release, it is trading to a premium to its U.S. counterpart. Markets are definitely going to be shaken up especially after such a much anticipated move.

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Sources Used in This Video:
https://goo.gl/UpprQe

Chinese Oil Contract to Rival U.S. WTI and U.K.'s Brent Is Born - Bloomberg
https://www.bloomberg.com/news/articles/2018-03-26/china-s-first-ever-yuan-oil-futures-begin-trading-in-shanghai
Crude Oil
http://www.ine.cn/en/statements/sc/
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Yuan to be used for Sino-Russia oil trade
http://www.ecns.cn/business/2015/06-04/167968.shtml
Russian companies ‘de-dollarize’ and switch to yuan, other Asian currencies — RT Business News
https://www.rt.com/business/164752-russiia-de-dollarize-yuan-china/
Iran Is Ditching The Dollar In Foreign Trade | Business Insider
https://www.businessinsider.com.au/iran-is-ditching-the-dollar-in-foreign-trade-2015-1
China Takes Crude Crown as Output Lags Behind Rising Demand - Bloomberg Quint
https://www.bloombergquint.com/markets/2017/04/13/china-oil-imports-surge-past-u-s-to-record-as-output-stagnates
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