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Trump may become the "big winner"
The UAE directly threw in the towel and stopped working, officially withdrawing from OPEC and OPEC+ starting May 1.
This is a huge blow to Saudi Arabia and the entire oil alliance.
With the UAE's departure, it will be even harder for the alliance to control oil prices collectively.
Trump is overjoyed; he has always disliked OPEC for deliberately raising oil prices, and now the alliance is in chaos, which is like a gift for him.
In the future, oil price fluctuations are expected to be even greater, and the alliance can't control production, making the market even more chaotic.
For ordinary people like us, the uncertainty in the oil market will only increase. $XBRUSD $XTIUSD