# WTI Extending its Reach as the Global Benchmark

> CME Group published an explainer on April 26, 2021, arguing that WTI futures have become the leading global crude benchmark. It cites US crude exports to Europe surpassing Brent supply in 2020 and outlines Platts' plans to reform the Brent market. The piece is educational and contains no new price move.

- Date: 2021-04-26 · published 2021-04-26T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/47762-wti-extending-its-reach-as-the-global-benchmark
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

The article describes pricing structure rather than supply or demand, so it has little direct effect on feed input prices. It is relevant only for understanding which benchmark drives energy-linked costs.

## Sources

- cmegroup.com: https://www.cmegroup.com/education/articles-and-reports/wti-extending-its-reach-as-the-global-benchmark

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.