The global oil market witnessed a doomsday scenario on April 20 when the price of US crude oil futures - which had never fallen below US$10 a barrel - plummeted to an unimaginable negative US$38 a barrel. The unprecedented fall of more than US$50 per barrel within a day sent a shockwave throughout the global markets.
The oil prices have since rebounded. Market sentiment, however, is still fragile and oil price continues a volatile trajectory.
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