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U.S. crude output was approaching a record 10.04 million barrels per day, and WTI futures trading volumes exceeded Brent by the widest margin in at least seven years in 2017. The article describes WTI gaining ground as a global benchmark.
Growing U.S. crude output and benchmark shifts change how global energy prices are set, affecting the cost base for feed logistics and biofuels. The article itself does not signal a direct price move.
reuters.comDevika Krishna KumarFeb 2, 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.
