Dated Brent benchmark's record $10 discount gives oil a reality check
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LONDON (Reuters) - U.S. President Donald Trump's confidence he can get a deal to limit a global oil glut has driven world crude futures higher.But he cannot talk up the underlying physical market that shows the full extent of the demand destruction following the coronavirus outbreak. The dated Brent crude oil benchmark, used to price more than half the world's physical crude cargoes, has dropped to a record discount to Brent oil futures of about a $10 per barrel. Middle East benchmarks that..