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What is the conversion formula of international crude oil and spot crude oil prices?
The real-time foreign exchange quotation of the foreign exchange center from 9: 00 am to 4: 00 pm is used for trading varieties, including spot crude oil barrels, to prevent the price difference between the commodity quotation of the East Exchange and the international commodity quotation when the exchange rate fluctuates greatly on that day. Adopt the method of following the real-time exchange rate quotation. The calculation formula is as follows:

Assume that spot oil price is 2000 = international crude oil price x exchange rate of the day.

That is, the spot oil price is 2000 =50 USD/barrel x6. 1520=307.60 yuan/barrel. If it's 500 barrels,

See the figure below for the quotation conversion of other trading varieties:

Spot silver quotation = international (USD) spot silver quotation x current exchange rate/31.1035x1000g.

Spot copper quotation = international (USD) spot copper quotation x current exchange rate/31.1035x1000kg.