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Oil prices have continued to fall since the second half of May as some commentators described the volatile market as the worst four-week run since the 2008 financial crisis. If that is an accurate description of the market, then we should also consider the retreat in major equity share indexes such as the S&P 500 and the Dow Jones.
Oil prices rebounded slightly at the end of the week on the news that OPEC+ will probably continue its output cuts throughout the year. Brent and WTI crude prices rose to $63.29 and $53.99 per barrel,