# The Big Oil Turnaround: From Negative Prices to a Bull Market - Bloomberg

> 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.

- Date: 2020-06-21 · published 2020-06-21T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/52794-the-big-oil-turnaround-from-negative-prices-to-a-bull-market-bloomberg
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

It gives background on how crude benchmarks are set, but offers no new supply or demand shock for feed input prices.

## Read by commodity

- BRENT: neutral

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2020-06-21/the-big-oil-turnaround-from-negative-prices-to-a-bull-market

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