China's crude oil futures plunged on Wednesday.
The most active contract for January 2019 delivery was down 5.9 percent to 389 yuan per barrel, data from the Shanghai International Energy Exchange (INE) showed.
China launched its first yuan-denominated crude oil futures on March 26, 2018, culminating a years-long push to create Asia's first oil futures benchmark so as to gain greater pricing power on the global oil market.
Source:cctvplus
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