The next chapter in oil benchmarks? | ZAWYA MENA Edition:
What can be guaranteed looking at well-trodden mountain range paths? All are interconnected. Consider that the range represents the global oil market and that each path is an oil price benchmark.
No benchmark works in isolation, each act as a ‘guide’ to offer market participants the necessary transparency to trek the summits of success in trading ecosystems. The robustness of these symbiotic relationships—in the Middle East and beyond—has a major bearing on the black gold market.
Three benchmark markets largely define global crude oil trading— Brent, WTI and Dubai—with Brent having the widest and deepest global reach of the three.
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