UAE left OPEC. Done. After 58 years.



Their energy minister said it straight - they want full freedom on production.

No caps, no Saudi rules.

What that means for markets:

↓ Oil prices long-term
↓ Inflation pressure
→ QE back on the table

Risk assets don’t hate this at all.

$DYDX
{spot}(DYDXUSDT)
$SUI
{spot}(SUIUSDT)
$S
{spot}(SUSDT)
DYDX-0.62%
SUI-2.03%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments