China's crude oil futures settled lower on Wednesday.
The most active contract for July 2019 delivery dropped 1.7 percent to 423 yuan per barrel, data from the Shanghai International Energy Exchange 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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