BREAKING: China's benchmark crude oil futures just hit their highest level ever recorded, reaching 929.4 yuan a barrel.
This comes after a major oil pipeline shutdown in the Middle East hit global supply, pushing Chinese refiners to buy up more cargoes and driving the Shanghai contract to its highest since it launched in 2018.
Other benchmarks like Oman and Murban crude are also trading above $126 a barrel.
#OilPrice #china #TrendingTopic
This comes after a major oil pipeline shutdown in the Middle East hit global supply, pushing Chinese refiners to buy up more cargoes and driving the Shanghai contract to its highest since it launched in 2018.
Other benchmarks like Oman and Murban crude are also trading above $126 a barrel.
#OilPrice #china #TrendingTopic
