The UAE is leaving the OPEC oil cartel. What could that mean for oil prices?

The UAE is leaving the OPEC oil cartel. What could that mean for oil prices?

Summary

With the Strait of Hormuz still effectively closed, prices will likely stay high in the near term. But a weaker cartel could mean more competition in the future...

Description

With the Strait of Hormuz still effectively closed, prices will likely stay high in the near term. But a weaker cartel could mean more competition in the future...

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