Sentences with phrase «yuan pricing of oil»

Not exact matches

The Shanghai oil futures contract is similarly designed to wrest some control over pricing from the main benchmarks in New York and London — West Texas Intermediate (WTI) and Brent — and to promote the use of the yuan, also known as the renminbi.

That just puts the price of oil that much farther out of U.S. motorists» reach, while a soaring Yuan would give China's motorists a big currency - adjusted discount at their pumps.

While the official goal of the new futures contract is to establish a regional benchmark for more useful pricing of the crude grades prevalent on the Chinese market, analysts see the yuan oil futures as a step toward China seeking wider acceptance of its currency in global trade, including the oil trade, and establishing a petro - yuan that could challenge, in the future, the dominance of the petrodollar.

There was also a fair amount of bad news baked into the price of stocks at the beginning of 2016 that never materialized (a U.S. recession, Chinese yuan devaluation and crash in oil prices, for instance).

Recent stabilization in dollar valuation, yuan exchange rate, as well as prices of crude oil should ease some concerns on the inflation front.

[While we're at it: a) I suspect the strength of the dollar & yuan will add (smaller) pluses and minuses to the P&L, while b) the lower oil price may add a second tailwind for OnePlastics in 2015, but larger customers & competitors will probably ensure much of this benefit gets passed along eventually].