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Benchmark prices edged further below $30 a barrel as traders considered the prospect of new oil flowing into a global market already oversupplied by one million barrels a day, roughly enough to fuel the needs of every driver in a state the size of Pennsylvania or Ohio.
Benchmark prices are compiled by price reporting agencies.
Companies around the world trade commodities based on benchmark prices.
But after eight days of violence, most benchmark prices are little changed from where they began.
International oil markets appeared to shrug off the news, with benchmark prices changing little.
He has urged OPEC to cut oil output further, to set a floor for benchmark prices of $50.
Australian top mining companies Rio Tinto and BHP Billiton pushed for massive increases in their benchmark prices.
In theory, round-tripping could be used to set new, artificially high benchmark prices for electricity contracts.
The commission declared that it feared oil companies had "colluded" to distort benchmark prices for crude, oil products and biofuels.
The price of iron ore may be falling, but this year's drop in benchmark prices is the first since 2002.
Its currency traders are accused of meeting in virtual chatrooms and planning the fixing of benchmark prices.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com