# Brent Benchmark Set for Revamp With Oil From Around the World - Bloomberg

> Bloomberg reports that the Brent crude benchmark may undergo its biggest overhaul since it was established more than 30 years ago. The change would add oil from Central Asia, West Africa and US shale to the price assessment. Brent underpins more than half of globally traded crude.

- Date: 2018-09-24 · published 2018-09-24T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/63233-brent-benchmark-set-for-revamp-with-oil-from-around-the-world-bloomberg
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

A change to the benchmark's composition could alter how physical crude and derivatives are priced, affecting hedging costs for energy-linked feed inputs. The direct effect on grain and feed prices is limited.

## Read by commodity

- BRENT: neutral

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2018-09-24/brent-benchmark-set-for-major-revamp-with-oil-from-around-world

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