# Dated Brent benchmark's record $10 discount gives oil a reality check | Reuters

> The dated Brent benchmark dropped to a record discount of about $10 per barrel to Brent futures. Middle East benchmarks that price most Asian supply also hit all-time lows as supplies swelled after the OPEC+ pact collapsed.

- Date: 2020-04-03 · published 2020-04-03T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/53841-dated-brent-benchmark-s-record-10-discount-gives-oil-a-reality-check-reuters
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Record physical discounts signal a glut in prompt barrels, which pressures crude and related energy prices used in feed logistics. The weakness is concentrated in Asia, where fuel and freight costs feed through to regional feed ingredient pricing.

## Read by commodity

- BRENT: bearish ▼

## Sources

- reuters.com: https://www.reuters.com/article/business/dated-brent-benchmarks-record-10-discount-gives-oil-a-reality-check-idUSKBN21K1YN/

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