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Significance of pricing power of international oil price
Oil is not only a pure commodity, but also contains too many financial and political factors. Therefore, the oil problem is by no means a simple commodity problem, and the oil market is by no means a simple commodity market. Having the pricing power of oil price is of strategic significance to a country's economic development.

The diversification of oil pricing and trading currencies is an inevitable trend. China must establish the "China market price" for oil trading and China's own reasonable oil finance strategy. The state should encourage more enterprises to enter the international oil financial market, actively try to settle oil transactions in RMB, that is, "petroleum RMB" settlement, and gradually establish an oil futures market to effectively cope with oil price fluctuations.