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The benchmark Dated Brent price, used for about two-thirds of physical crude transactions, will expand to include supplies from Texas beyond the North Sea. The change is driving a surge in trading of opaque swaps.
This is a pricing-structure change in crude benchmarks with little direct effect on grain, oilseed or feed prices.
bloomberg.comAlex LongleyFeb 24, 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.
