Loading…
A Bloomberg feature describes how Brent crude pricing and the North Sea benchmark window set global oil prices, with the market recovering from negative prices into a bull phase. The piece covers market structure rather than a new event.
It gives background on how crude benchmarks are set, but offers no new supply or demand shock for feed input prices.
bloomberg.comJavier BlasJun 21, 2020Not 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.
