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We think equities won’t move together with oil for a while

Although equity and oil prices are usually positively correlated, we think equities will struggle in the next few months and that oil prices will end this year somewhat higher than they are now. We also expect a rebound in equities across the board in 2024, even as oil prices fall back a bit.

In view of the wider interest, we are also sending this Global Markets Update to clients of our Energy service.

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