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

DYDX

0.15841

-5.21%

$SUI

SUI

1.2466

-3.50%

$S

S

0.05029

-5.87%