China Fast Figure: Crude Oil

Crude oil is very important to China's PPI

NYMEX crude oil futures are flat on the NYMEX. As seen below RBOB and Brent Financial were correlated until August 8th 2018. This illustrates a shift in correlation for RBOB from Brent Financial to Light Sweet Crude. It is worth noting that Brent financial and light sweet crude have traded in correlation with each other, specifically the period from August 17 to September 3. We believe the importance of crude prices in relation to PPI should not be undervalued.

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