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The Diverse Players in the Brent Oil Market
Brent became a leading international crude oil benchmark. The process began of adding more oils to the Brent pool, first other North Sea crude. As an oil trader yourself, how does this pooling affect how the benchmark trades? You know, there's always this tension between you want to add more to the pool so that you create liquidity. And on the other hand, for refiners, they just get better crude at low prices.