Some analysts believed international investors would be discouraged to tap the Shanghai oil futures. If the first day of trading is any indication, however, this is not the case, at least not for large commodity trading firms.
As OilPrice.com's Tsvetana Paraskova notes, Glencore, Trafigura, and Freepoint Commodities were among the first to buy the new contract, Reuters reports.
Source: Goldsilver.com
You can read the full article here:
https://goldsilver.com/blog/petro-yuan-sees-major-international-firms-join-trading-on-first-day/
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