Back to the old “have your cake and eat it” approach

In this week’s Macro & Oil report of the EnergyScan podcast, OG tells us that market concerns about the need for further monetary tightening quickly dissipated: the market is back to a configuration where growth is resilient without pushing central bank rates too high. We will also see that oil prices are rising in anticipation of Saudi Arabia’s production cut in July and now in August, as they just announced.