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Starting today, U.S. oil will be part of the Brent crude basket that underlies the world's most traded benchmark contract

US WTI Midland crude oil will be incorporated into the Platts Dated Brent and related benchmark assessments from June 2023, S&P Global Commodity Insights said June 8, with the first-ever inclusion of a non-North Sea grade expected to boost the liquidity of oil’s most important price benchmark. Platts, part of S&P Global, said WTI Midland ...

/PRNewswire/ -- Platts, part of S&P Global Commodity Insights, today announced that it will reflect cargoes of WTI Midland crude oil in its Dated Brent, Cash...

U.S. oil is set to be added to the world's most important crude benchmark.

SHARE The launch of Abu Dhabi's Murban crude futures contract as well as the establishment of a new platform at the Dubai Mercantile Exchange to trade in different grades, allow for greater transparency and offer more choice to the market, according to an analyst. Last week, the DME, which trades Oman's crude oil futures contracts, unveiled a new trading platform that will allow several crude grades to be traded through the exchange. The exchange, which is based within the Dubai International Financial Centre, will allow trade in regional grades such as Dubai, Upper Zakum, Murban, Basrah Ligh...