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Crude Markets Falling on WSJ Reports of UAE Debating Leaving OPEC


Crude markets fall on WSJ headlines that the UAE is internally debating whether to leave OPEC after supposed clashes with Saudi .

  • Brent MAY 23 down -1.8% at 83.2$/bbl
  • WTI APR 23 down -2% at 76.63$/bbl
  • *Saudi Arabia, UAE Clash Over Oil, Yemen Amid Growing Rift-- Sources – WSJ
  • *Saudi Crown Prince Mohammed bin Salman Skipped Abu Dhabi Summit in January to Snub Emiratis -- Sources – WSJ
  • *Saudis Moved Yemen Arab Coalition Forces Near Emirati Operations, and UAE Saw It as Intimidation Tactic -- Sources – WSJ
  • *UAE President Sheikh Mohammed Bin Zayed skipped China-Arab Summit in December In Intentional Snub -- Sources – WSJ
  • *Saudi Officials Protested UAE-Yemen Security Pact Allowing Emirati Intervention -- Sources – WSJ - bbg
  • *UAE Debating Internally Whether to Leave OPEC -- Sources -- WSJ

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