Sentence examples for oil benchmark from inspiring English sources

The international oil benchmark, Brent crude, is now trading at about $54 per barrel.

The global Brent crude oil benchmark closed at $41.50 on Tuesday, a three-and-a-half-month low.

The oil benchmark Brent crude also edged up from 12-year lows touched of $30.43 on Tuesday.

Libya holds the largest crude oil reserves in Africa, and the moves drove some stock prices down and a crucial oil benchmark to a three-year high.

Natural gas, unlike oil, is still a regional commodity and its price is only loosely connected to world oil benchmark prices.

The Brent oil benchmark price jumped nearly 50 percent in the July through September period, compared with the year before, but oil prices have eased a bit in recent months.

Both the West Texas Intermediate and Brent crude oil benchmarks are sharply down from the end-of-April peaks.

Oil benchmarks need to function without restrictions on production, and with very few producers in the region outside OPEC, there are scarce options for finding other potential benchmarks.

Prices of various oil benchmarks fell modestly on Thursday as fighting continued in Libya, but they remained over $100 a barrel.

But for the most part Tehran now sets its export prices using a formula linked to dollar-denominated crude oil benchmarks.

Although there is concern that the rebel advance may prove to be fleeting, oil traders responded to their victories by pushing down the price of most world oil benchmarks, albeit modestly.