Analysis About Hedging In Crude Oil Futures Of Chinese Petroleum Market

This paper analyses the relation between the fixture prices of international crude oil and the spot price of Shengli and Daqing crude oil based on hedging of Chinese crude oil markets. We draw the conclusion that the future price and spot price are positive pertinence. We draw the conclusion that there are good function about hedging and price founding. It is need to establish the crude oil hedging through the break of CAOSC. According to the theory about futures, we provide the advice about establishing the crude oil futures markets.The last part draws a conclusion, the rebuilt of futures market of crude oil need working hard of the country, the companies and people.