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UAE Officials Dispute WSJ Headlines - Crude Recovers Losses


The United Arab Emirates has no plans to leave the OPEC oil alliance according to officials speaking with Bloomberg.

  • The UAE has said publicly and privately it is sticking to the current OPEC deal for at least this year.
  • WSJ headlines earlier said the UAE was considering leaving OPEC which sent crude markets tumbling but have since recovered on headlines disputing the reports.
  • Brent MAY 23 down -0.8% at 84.1$/bbl
  • WTI APR 23 down -0.6% at 77.67$/bbl

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