www.eia.gov
A benchmark crude or marker crude is a crude oilthat serves as a reference price for buyers and sellers of crude oil. There are three primary benchmarks, West Texas Intermediate (WTI), Brent Blend, and Dubai Crude. ... Using benchmarks makes referencing types of oil easier for sellers and buyers.
Benchmark (crude oil) - Wikipedia
https://en.wikipedia.org/wiki/Benchmark_(crude_oil)
China’s Oil Benchmark Fails Its First Big Test
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China’s Oil Benchmark Fails Its First Big Test
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