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Reporting covers a UAE plan for an oil benchmark, where an official's comment on declining Brent production was later retracted and reworded. The article notes the industry's long-standing complaints about falling North Sea output making Brent illiquid.
Changes to benchmark pricing could alter how crude contracts are priced, but the immediate supply and price impact for feed markets is limited.
reuters.comRania El GamalNov 12, 2019Not 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.
