# Oil Benchmark Revamp Sees Surge in Trading of Opaque Swaps - Bloomberg

> 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.

- Date: 2021-02-24 · published 2021-02-24T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/48815-oil-benchmark-revamp-sees-surge-in-trading-of-opaque-swaps-bloomberg
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

This is a pricing-structure change in crude benchmarks with little direct effect on grain, oilseed or feed prices.

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2021-02-24/north-sea-oil-trading-upended-after-platts-dated-brent-overhaul

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