As U.S. oil supply grows, so does its influence on global prices

LONDON and NEW YORK (Bloomberg) — For a glimpse into what the global oil price might look like one day, a good place to look is the Dutch port of Rotterdam.

There, at a key hub for Europe’s oil trading and refining, crude imported from the U.S. is determining the price for an aspiring benchmark for North Sea oil one-third of the time, according to Argus Media.

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