On August 2 1, Shanghai International Energy Trading Center (INE) issued the Draft for Opinions on Management Rules of Standard Contracts, Trading, Settlement, Delivery and Risk Control of Crude Oil Futures in official website, which specified the details of crude oil futures trading varieties, trading time, pricing currency, application conditions for trading seats, delivery of crude oil futures contracts, etc. The designated delivery warehouse and specific delivery oil products will be announced separately by the Energy Center. According to people in the previous issue, An Xun was told that when China crude oil futures will be listed, it only needs to wait for the final arrangement of the CSRC.

Attachment: The standard contract for crude oil futures is as follows