A new benchmark for American crude to move on from a negative experience

The American crude benchmark NYMEX WTI went negative in April, an event that sparked global questions of ‘How?’ and ‘Why?’ Now, the US crude industry is looking to the future, with Platts American GulfCoast Select touted as an alternative yardstick against which crudes from Canada down to Argentina could be measured. Platts US crude market experts Matt Eversman and Laura Huchzermeyer speak with John-Laurent Tronche about the recent past, present and future of US crude pricing.