Benchmark (crude oil)
CRUDE OIL THAT SERVES AS A REFERENCE PRICE FOR BUYERS AND SELLERS OF CRUDE OIL
Crude oil price Benchmarks; Benchmark (crude oil pricing); Oil marker; Benchmark crude oil
A benchmark crude or marker crude is a crude oil that 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.