There are four listed futures varieties such as Daqing crude oil, 93# gasoline, 0# diesel oil and 250# fuel oil. During the trading period of more than one year, the total trading volume of Shanghai Petroleum Exchange reached 25 million tons, accounting for more than 72 1% of the national oil futures market at that time, and it was once the third largest oil exchange in the world after London and new york.

1993, Shanghai launched oil futures trading. At that time, Daqing crude oil, 90# gasoline and 0# diesel oil were involved in futures trading.

For the three futures products listed, the total trading volume of Shanghai Petroleum Exchange reached 25 million tons in more than one year, accounting for more than 70% of the national oil futures market at that time, and once became the third largest oil trading place in the world after London and new york.

After the implementation of 1995, the original function of oil futures gradually deteriorated, and the trading of oil futures was subsequently stopped.

In June, 20001year, the Shanghai Futures Exchange set up a cargo research group. In June, 20001year, the Shanghai Futures Exchange formally submitted a tens of thousands of words application report on resuming oil futures trading to the China Securities Regulatory Commission. The oil futures plan made by Shanghai Futures Exchange is to start with highly market-oriented fuel oil trading and cooperate with the adjustment of national oil policy, and then gradually expand to all major oil products.

It is predicted that the international crude oil futures price will show a weak shock in the first half of 2009, and the possibility of falling below $25 is not ruled out. The arrival of summer and possible economic recovery will push the price to rebound strongly. If the price of crude oil drops to $25, the futures price of duty-paid fuel oil is about10.08 million yuan, the lowest since it was listed in 2004, according to the minimum ratio of fuel oil to crude oil of 37 times.