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The Wall Street Journal reports Brent, the widely used oil benchmark, risks losing relevance as production from the fields it is priced off declines. China and Dubai benchmarks are competing for its role.
Benchmark pricing changes affect how global crude is valued and hedged, though the direct effect on feed commodity prices is limited.
wsj.comSarah McFarlane and Christopher AlessiApr 30, 2018Not enough comparable past events yet for a historical read.
Not 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.
