Domestic oil prices look at Brent crude oil futures in the North Sea. Brent crude oil futures in the North Sea is the most important oil futures, which is traded by forward oil price and T+0 trading contract. On March 26th, 20 18, Beihai Brent crude oil futures was officially listed and traded in Shanghai International Energy Trading Center of China Shanghai Futures Exchange, providing a hedging tool for domestic manufacturers to avoid the risk of crude oil price fluctuation.