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The EIA explains that NYMEX WTI fell to -$37.63 settlement on April 20, 2020, and that North American crude markers were linked through pipelines and formula pricing. It notes WTI's limited usefulness as a reference due to its Cushing-specific settlement.
Understanding benchmark linkages helps buyers interpret energy price signals that feed into diesel, freight and biofuel costs, though it describes past events rather than a new price move.
eia.govMay 27, 2020After 56 past neutral report events, Crude Oil (WTI) moved a median +0.0% over 5 sessions (50% higher; middle half -2.7% to +2.5%), and +0.8% over 20.
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.
