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Hello, this is Katie Foley writing to you from London.
The UAE’s shock OPEC exit is rippling across markets. But there are a host of other currents at play for investors today - a slew of earnings, a raft of rate decisions and a sea change at the Fed.
The United Arab Emirates will exit OPEC on May 1, with Energy Minister Suhail Al Mazrouei telling CNBC they want more freedom to hit their goal of 5 million barrels per day of capacity by 2027, but that they “have the highest respect for the Saudis for leading OPEC.”
