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U.S. Oil Could Soon Help Set the Brent Crude Price

  • Cargoes delivered to the port of Rotterdam could be affected
  • U.S. exports boom is helping to redefine crude oil trading
Brent Crude Is 550 Million Barrels Long and Suddenly Weakening

Photographer: Daniel Acker/Bloomberg

S&P Global Platts, the company that sets the key price of Brent crude, is contemplating the eventual incorporation of U.S. oil to help calculate one of its newest European benchmarks, a sign of just how much America’s booming exports are reshaping global energy trading.

The publisher of prices used to settle physical crude trades is deliberating whether it might one day include U.S. oil when assessing Brent crude delivered to the Dutch port of Rotterdam, the company said on Wednesday. The potential change doesn’t apply to its widely used Dated Brent benchmark that’s based on prices where oil is loaded.