Asset icon - trade crypto, stocks, and gold on Pluang
Trade on Pluang
One platform for all markets
Download

UAE exits OPEC, sparking crude oil volatility amid US-Iran tensions and supply disruptions.

Market News
04 May 2026
FXEmpire
View Source
Neutral
pluang ai news

The UAE's formal exit from OPEC on May 1 has increased uncertainty in global oil supply management amid ongoing US-Iran conflicts and the effective closure of the Strait of Hormuz, causing significant disruptions in crude oil logistics and supply. This has led to increased volatility in oil prices, with WTI crude showing bullish momentum and Brent crude vulnerable to Middle East tensions. Meanwhile, US natural gas prices remain suppressed due to a glut in storage and mild demand. Market watchers are closely monitoring price resistance levels and geopolitical developments for future trends.

More News

Verra Mobility stock plunges 41% after Avis Budget cancels contract ending Sept 2026

Verra Mobility stock plunges 41% after Avis Budget cancels contract ending Sept 2026

Verra Mobility shares dropped 41.2% in after-hours trading following Avis Budget Group's termination of their contract effective September 2026. This contract loss could reduce Verra's annual Commercial Services revenue by $135-$145 million and segme...

Market News
Bearish
1 hour ago
Netcapital stock jumps 19.6% after hours ahead of CEO-led business update call

Netcapital stock jumps 19.6% after hours ahead of CEO-led business update call

Netcapital Inc. shares surged 19.63% in after-hours trading following the announcement of a business update conference call scheduled for Thursday. The new CEO, Todd Violette, will discuss the company's transformation, priorities, and plans to grow i...

Market News
Bullish
2 hours ago
ISS wins 7-year contract to provide 25,000 daily school meals in West Sussex, UK

ISS wins 7-year contract to provide 25,000 daily school meals in West Sussex, UK

ISS has secured a seven-year contract with West Sussex County Council to deliver around 25,000 nutritious school meals daily to primary schools starting Q3 2026. The contract, valued at about DKK 100 million annually, emphasizes inclusivity and high ...

Market News
Bullish
3 hours ago
TGS wins major 4D streamer contract offshore Angola, starting July 2026 for 8 months.

TGS wins major 4D streamer contract offshore Angola, starting July 2026 for 8 months.

TGS ASA has secured a large 4D streamer contract offshore Angola, set to begin data acquisition in early July 2026 and last about eight months. This contract strengthens TGS's strategic presence in Africa and ensures vessel utilization into early 202...

Market News
Bullish
3 hours ago
Roche launches Liver Disease Panel, a certified algorithm suite for early chronic liver disease detection and management.

Roche launches Liver Disease Panel, a certified algorithm suite for early chronic liver disease detection and management.

Roche has introduced the Liver Disease Panel, the first comprehensive set of certified algorithms designed to improve the detection and management of chronic liver disease (CLD). This panel includes LiverPRO, an algorithm that uses routine blood mark...

Others
Bullish
3 hours ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App