S&P Global Platts proposes including US WTI Midland crude in Dated Brent, keeps benchmark on FOB basis

S&P Global Platts on Feb. 14 proposed including US WTI Midland crude oil in its Dated Brent benchmark, the latest in a series of revisions intended to ensure the benchmark — used in oil trading worldwide — continues to reflect the market despite declining production of traditional North Sea crude. In a subscriber note, Platts said the proposal to include…