Petrodollar end looming as China and allies dump it in oil trading – Jim Rogers

Tales from the Conspiratum

Beijing has announced plans to start a crude oil futures contract priced in yuan and convertible into gold. The step might lead to the emergence of a new Asia-based crude oil benchmark to compete with Brent or West Texas Intermediate futures.

Source: Petrodollar end looming as China & allies dump it in oil trading – Jim Rogers — RT Business

RT Business

Petrodollar end looming as China & allies dump it in oil trading - Jim Rogers
Beijing has announced plans to start a crude oil futures contract priced in yuan and convertible into gold. The step might lead to the emergence of a new Asia-based crude oil benchmark to compete with Brent or West Texas Intermediate futures.

RT talked to investing guru and financial commentator Jim Rogers to understand how much of a game changer this could be for an industry dominated by the dollar.

“This…

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