Does This Crude Rally Have Legs?

Stocks surged for a second straight day, with all three major U.S. equity indexes rising more than 2% on what seems to be rising hope the Federal Reserve will indeed pivot from its aggressively hawkish inflation-fighting stance. Meanwhile, OPEC+ is considering an output cut of more than a million barrels per day, a historic move that could push crude oil back toward the $100-per-barrel mark. With the world’s most important cartel meeting in Vienna on Wednesday to decide the next phase of production policy, Maggie Lake welcomes Tony Greer of TG Macro to talk about what’s happening with energy and the broader commodities space and what it means for markets and the global economy. We also hear from George Magnus about the impact of “zero Covid” on China’s economy. Watch the full interview featuring George Magnus and Maggie Lake here: https://rvtv.io/3yeafro. Learn more about your ad choices. Visit podcastchoices.com/adchoices