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Worse than the financial crisis and the COVID-19! Diagram: To what extent has the oil market collapsed?

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[Worse than the financial crisis and the COVID-19! Illustration: How far has the oil market collapsed?] On Tuesday, as the global benchmark Brent crude oil fell below $70, the oil price also completely reached its lowest level since December 2021. Compared to the high point in April this year, the cumulative decline of Brent crude oil has exceeded 22%, officially entering a technical bear market.
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