benchmark Archives - Marketplace

The benchmark for determining global crude oil prices is changing

by Lily Jamali

Mar 31, 2023

Dated Brent, used to set the price of most of the world's oil, will include supplies from Texas for the first time.

West Texas Intermediate crude oil has the qualities needed for an update of the Brent index. Above, storage tanks in Midland, Texas.

Joe Raedle/Getty Images

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Fed lifts rates for 4th time this year but sees fewer hikes

by Associated Press

Dec 19, 2018

The quarter-point hike, to a range of 2.25 percent to 2.5 percent, lifts the Fed’s benchmark rate to its highest point since 2008.

Federal Reserve Board Chairman Jerome Powell speaks during a press conference in Washington, DC, September 26, 2018.

SAUL LOEB/AFP/Getty Images