🚨 OPEC+ PRODUCTION HIKE INCOMING
Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria, Oman just locked in +188k barrels/day for June 2026.
This is AFTER UAE rage-quit the cartel (effective May 1).
What this means:
• More supply = downward pressure on oil
• Macro ripple into risk-on/risk-off sentiment
• Energy sector rotation plays in focus
• Potential USD strength if crude bleeds
First read: Sunday futures open. If WTI/Brent gap down, expect correlated moves in SPX, DXY, and crypto risk appetite.
UAE walking away is the real story here. Fractures in OPEC+ coordination = more volatility ahead.
Eyes on the tape. 👀