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S&P Global Platts announced on February 22 that it would radically change the structure of a key crude benchmark, causing uproar in the oil market over recent weeks. The article describes the controversy around the reform.
Changes to a physical crude price benchmark affect how cargoes are priced, but the direct impact on feed commodity prices is limited.
bloomberg.comAlex LongleyMar 13, 2021Not 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.
