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.