China’s Oil Benchmark Fails Its First Big Test
A worker walks through a refinery at the PetroChina Jilin Petrochemical Co. in Jilin, China. (Photographer: Natalie Behring/Bloomberg News)

China’s Oil Benchmark Fails Its First Big Test

(Bloomberg Opinion) -- Since China established its own oil benchmark in March, the world has been looking for a natural experiment to prove whether it could join the West Texas Intermediate and Bre...
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