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High Impact

Oil prices fall as UAE breaks free from OPEC in huge blow to cartel amid Trump chaos - The Mirror US

📅
🏷Markets
📰via Google News
✍️Edited by Luís Barata

Oil prices declined after reports emerged that the UAE is pursuing independent production policies, signaling a potential breakdown in OPEC cohesion. The move weakens the cartel’s ability to manage supply discipline, increasing market concerns about future output growth and undermining coordinated efforts to stabilize prices. This fragmentation comes amid heightened geopolitical uncertainty linked to shifting U.S. energy policies under renewed Trump administration speculation, which is affecting investor risk appetite and long-term supply-demand expectations. Energy markets are particularly exposed due to their reliance on OPEC+ supply constraints to support price levels amid softening global demand. Traders will closely watch the upcoming OPEC+ ministerial meeting and any official statements on production quotas to assess the extent of coordination breakdown.

Source: Originally reported by Google News at April 28, 2026. Summary and market context by Trading News Terminal editorial.

About OIL

Crude oil (WTI/Brent) reacts in real time to OPEC+ production decisions, EIA weekly inventory reports, geopolitical supply disruptions (Middle East, Russia, Venezuela) and US Strategic Petroleum Reserve announcements. A 5% intraday move on breaking news is not unusual.

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