UAE to exit OPEC on May 1, crude oil could hit $90 by June

The United Arab Emirates announced it will leave OPEC starting May 1, and the Crude Oil Price Predictions by End of June market now prices crude oil hitting $90 by end of June with traders pricing in a potential 25% move. ## Market reaction Both the Crude Oil Price Predictions by End of June and Crude Oil Predictions for June markets are expected to see increased activity and sharp price movements as the UAE’s exit approaches. With 67 days left until resolution, no actual USDC volume has been recorded yet in the June markets, meaning traders are still processing the news. Thin liquidity means even modest trades can have outsized effects on market prices. ## Why it matters The UAE is a major oil producer.

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