Judging from the fluctuation of international crude oil prices, the listing of China crude oil futures on March 26th had little effect on the fluctuation of oil prices. On the contrary, the fluctuation of international crude oil price directly affects the futures price of China crude oil (PetroRMB).

The listing of China crude oil futures has deepened the connection between the domestic market and the international market, and at the same time made the domestic crude oil price more in line with the actual demand of China crude oil market. For example, after the listing of China crude oil futures on March 26th, it is expected that the China market will require higher price adjustment range or mechanism for domestic refined oil products.

Judging from the crude oil market, the global crude oil market is expected to change greatly after China crude oil futures are officially listed. Because "dollar oil" is no longer a monopoly, "petroleum RMB" came into being. The listing of China crude oil futures not only makes the market closer, but also makes the consumption demand in China market more reasonable, and the quantity of crude oil imports may be affected, thus affecting the competition of global crude oil market share.