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What happened to the crude oil treasure incident?
Affected by COVID-19 epidemic, geopolitics, short-term economic shocks and other comprehensive factors, the international commodity market will fluctuate violently in 2020. On April 20th, 2020, US time, the official settlement price of CME monthly WTI crude oil futures contract was -37.63 USD/barrel, which caused losses to domestic customers and banks, thus triggering the "crude oil treasure" incident. On April 2 1 day, two American crude oil contracts, "US Oil/USD" and "US Oil/RMB", were suspended for one day, and the British crude oil contract was traded normally. \r\n2。 On May 4, 2020, the 28th meeting of the State Council Financial Stability and Development Committee specifically proposed that we should attach great importance to some financial product risks caused by current price fluctuations in the international commodity market. On May 5th, Bank of China responded to the customer demand of "Crude Oil Treasure" products: it has conducted research on the customer demand and put forward opinions. Bank of China reserves the right to recourse to relevant external institutions according to law. \ r \ For more information about the crude oil treasure incident, please visit:/ask/14E7E1615832503.html? Zd view more content