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The History of the Brent Benchmark
The history of Brent has demonstrated what it takes for a benchmark to form. The transformative events of the 1970s and 1980s Made it inevitable that a crude oil benchmark would form but it wasn't inevitable that it would be Brent. It remains to be seen if this will be the last chapter in the history of the Brent benchmark or just a new one For a benchmark that's evolved and adapted many times before.