Bank of China decided to further push forward because of the RMB exchange rate formation mechanism reform, enhance the flexibility of RMB exchange rate, thus increasing the market demand for crude oil to China will further increase the expected international oil prices Monday (June 21) rose more than 1%.
        China's central bank last Sat (19 June) announced that, under domestic and international economic and financial situation and China's international balance of payments, the PBC decided to further push forward reform of the RMB exchange rate formation mechanism, and enhance flexibility in the RMB exchange rate.
        RMB against the U.S. dollar's strength will make dollar-denominated crude oil cheaper price changes, which will inevitably push up China's crude oil consumption. 
        Barclays Capital (Barclays Capital) commodities analyst Amrita Sen said: "In the short term, this will enhance the confidence of the crude oil market, and may mean that the Chinese economy to continue growing." 
        Sen said: "The price of oil has broken through the range of around 75 dollars, now we expect to exceed USD 80 oil price." 
        Beijing time 19:49, NYMEX 7 month crude oil reported 79.44 U.S. dollars / barrel. (Drunk days)