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China's ShFE launches crude oil futures index; plans more products

China's Shanghai Futures Exchange (ShFE) will start on Tuesday publishing an index linked to the prices of its crude oil futures contracts, a year after the launch of futures trading, the ShFE said in a release posted on its WeChat channel.

The crude oil futures index will measure the price movements and the rate of return for the most actively traded contract for the ShFE's crude futures, according to the release.

The ShFE began calculating the index based on futures trading during the night session of March 25 and the index rose during morning trading on Tuesday.

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