In this investment research report, analysts Jack Crooks and Kasper Uhd Jepsen evaluate Chinese crude-oil futures. With the announcement of the imminent debut on the Shanghai Futures Exchange of a Yuan-denominated contract for oil futures, China has signaled its intent to promote the Yuan as a globally significant benchmark currency. We believe this development has created an opportunity to profit from the dual forces of an undervalued Yuan and strengthening oil demand, while also benefitting from the potential shifts in the macro environment that such political developments foreshadow.