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S&P Global Commodity Insights plans to add Texas WTI-linked grades to the Dated Brent benchmark, which currently prices about two-thirds of globally traded crude. The change reflects declining output from the North Sea fields that historically defined the index.
A structural change to the global crude benchmark affects how physical oil contracts are priced, but it does not directly move crude price levels on its own.
marketplace.orgLily JamaliMar 31, 2023Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
