LONDON (Reuters) – S&P Global Platts said on Thursday it would open a consultation with oil market participants on the possible inclusion of US crude WTI in its dated Brent oil price assessment, which forms the basis of the Brent benchmark.

As a slightly sweet crude, WTI is a common feedstock for European refiners, which makes it fit well within the existing basket of British and Norwegian grades Brent, Forties, Oseberg, Ekofisk and Troll that make up the dated Brent basket, Platts said.