# Oil’s Biggest Benchmark, Brent, Needs More Oil

> 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.

- Date: 2018-04-30 · published 2018-04-30T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/65671-oil-s-biggest-benchmark-brent-needs-more-oil
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Benchmark pricing changes affect how global crude is valued and hedged, though the direct effect on feed commodity prices is limited.

## Read by commodity

- BRENT: neutral

## Sources

- wsj.com: https://www.wsj.com/articles/oils-biggest-benchmark-brent-needs-more-oil-1525086000

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