Crude oil investment is a mature market investment in the world, but it has just started in China. There is a great demand for crude oil in the market and it is a non-renewable resource. Therefore, the price of crude oil fluctuates greatly, mainly depending on the relationship between market supply and demand.
It has created the enthusiasm for international investment in crude oil. However, domestic investment in crude oil has been delayed. However, fuel oil, the investment target with the highest correlation with crude oil in the futures market, has been extremely light this year and finally stopped trading.
Finally, it led to the blank situation of domestic crude oil-related investment. By the end of 20 14, the newly launched Beijing Petroleum Exchange, Shenzhen Petrochemical Exchange, Xiamen Petroleum Exchange, Zhejiang Zhongsheng Crude Oil Trading Market, Qinghai Binhai Petrochemical Trading Center, Northeast Asia Spot Commodity Exchange and Xinhua Commodity Exchange have started the pace of domestic crude oil spot trading.