Petroyuan Rises as Physical Oil, Yuan Settlements, and Rare Earth Markets Decouple From Dollar Systems

https://blockonomi.com/petroyuan-rises-as-physical-oil-yuan-settlements-and-rare-earth-markets-decouple-from-dollar-systems/
TLDR: Dated Brent physical oil trades at $141 while futures sit at $107, marking the widest gap recorded since the 2008 financial crisis. Twenty-six ghost fleet tankers settled yuan-based oil trades through CIPS, which hit 928 billion renminbi in daily volume by March 9. China controls 95 percent of heavy rare earth processing…