Stocks mostly advanced in Asia on Wednesday despite losses on Wall Street, while oil prices fell after the United Arab Emirates said it would leave Opec in a blow to the powerful oil cartel. US futures edged higher. Markets in Japan were closed for a holiday. Elsewhere in Asia, South Korea’s…
By Sam Li and Siyi Liu BEIJING/SINGAPORE, April 29 (Reuters) – Oil prices eased on Wednesday from a multi-day rally as investors digested the ramifications of the United Arab Emirates’ surprise decision to quit OPEC, though supply disruptions from the stalemated Iran war support the market. Brent crude futures for June dipped 1 cent to…
The World Bank on April 28, 2026, warned that the US-Israel war with Iran is set to trigger the largest global energy price surge since Russia’s 2022 invasion of Ukraine, even as the United Arab Emirates (UAE) exited the OPEC and OPEC+ on the same day, dealing a heavy blow to both oil exporting groups….