, Columnist
Who Killed the Recovery Trade? Take Your Pick
Crude’s tumble after the failed OPEC+ meeting feeds into doubts over a post-pandemic rebound. There are many other possible culprits.
Now the celebrations are over, will China let its economy slow further?
Photographer: Getty Images
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As I (thankfully) suggested would be wise, the market had second thoughts on the weekend’s failed OPEC+ meeting. Crude tumbled, giving up all the gains made on speculation that the cartel could find itself forcing up prices once more. Oil prices are back where they were at the end of June: