# Texas shale challenges North Sea crude as world oil benchmark

> 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.

- Date: 2018-02-02 · published 2018-02-02T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/66661-texas-shale-challenges-north-sea-crude-as-world-oil-benchmark
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

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.

## Read by commodity

- WTI: neutral

## Sources

- reuters.com: https://www.reuters.com/article/us-usa-oil-record-markets/texas-shale-challenges-north-sea-crude-as-world-oil-benchmark-idUSKBN1FM0IG/

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