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Infographic: Market Meltdown: Why the Brent crude price matters

Both Dated Brent and ICE Brent futures remain under pressure after hitting 21-year-lows on April 21 as the coronavirus pandemic obliterates oil demand, overwhelming global storage capacity.

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The North Sea benchmarks have become the latest global oil measure in focus after the NYMEX WTI contract – anchored around landlocked Cushing, US -- dipped into negative territory for the first time ever. They are used to price more than half of the world's crude, and are closely watched as a barometer for the oil market.

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