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Asian stocks gain and oil prices decline after the UAE says it will exit OPEC

Asian stocks gain and oil prices decline after the UAE says it will exit OPEC

Asian stocks are mostly higher despite a retreat on Wall Street, and oil prices slipped after the United Arab Emirates said it would leave OPEC in a blow to the oil cartel
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Asian stocks mostly gain and oil rises after the UAE says it will exit OPEC

Asian stocks mostly gain and oil rises after the UAE says it will exit OPEC

Asian stocks are mostly higher despite a retreat on Wall Street, and oil prices gained after the United Arab Emirates said it would leave OPEC in a blow to the oil cartel
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Trading Day: Chips off the table

Trading Day: Chips off the table

By Jamie McGeever ORLANDO, Florida, April 28 (Reuters) - U.S. tech stocks dived on Tuesday, slammed by worries over the sector's lofty growth expectations ahead of key earnings reports, while another rise in oil prices stoked concerns over central banks' ability to navigate the darkening outlook for
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Stocks retreat on Iran, AI concerns as Fed meeting looms

Stocks retreat on Iran, AI concerns as Fed meeting looms

By Gregor Stuart Hunter SINGAPORE, April 29 (Reuters) - Markets got off to an uneven start in Asian trading on Wednesday as worries about the Iran conflict and health of the AI sector dominated ahead of the Federal Reserve's decision and earnings from tech megacap stocks later in the session.
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Sinking AI stocks and higher oil prices weigh on Wall Street

Sinking AI stocks and higher oil prices weigh on Wall Street

Slumping AI stocks and another climb in oil prices because of the Iran war are helping to halt Wall Street’s record-setting rally
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Wall Street Indexes Decline Amid AI Stock Losses and Rising Oil Prices

Wall Street Indexes Decline Amid AI Stock Losses and Rising Oil Prices

Wall Street Indexes Decline Amid AI Stock Losses and Rising Oil Prices
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U.S. Stock Market Declines as OpenAI Concerns and UAE's OPEC Exit Impact Markets

U.S. Stock Market Declines as OpenAI Concerns and UAE's OPEC Exit Impact Markets

U.S. Stock Market Declines as OpenAI Concerns and UAE's OPEC Exit Impact Markets
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CNBC Daily Open: Oil Market Faces Volatility as UAE Plans OPEC Exit

CNBC Daily Open: Oil Market Faces Volatility as UAE Plans OPEC Exit

The oil market is experiencing increased volatility following the United Arab Emirates' announcement of its intention to exit OPEC on May 1. This development comes amid a fragile ceasefire between the U.S. and Iran, which had previously stabilized oil prices. The UAE's exit is expected to lead to greater price fluctuations, as it is one of the few producers with significant spare capacity. Meanwhile, macroeconomic concerns are growing, with JPMorgan CEO Jamie Dimon warning of a potential bond market crisis due to rising government debt.
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AI stocks slide after report sparks OpenAI growth concerns

AI stocks slide after report sparks OpenAI growth concerns

By Twesha Dikshit April 28 (Reuters) - AI firms fell in premarket trading on Tuesday after the Wall Street Journal reported that OpenAI has missed its goals for new users and revenue in recent months, raising concerns over the ChatGPT creator's growth prospects.
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UAE's Departure from OPEC and OPEC+ Signals Major Shift in Global Oil Dynamics

UAE's Departure from OPEC and OPEC+ Signals Major Shift in Global Oil Dynamics

The United Arab Emirates (UAE) announced its decision to leave the Organization of the Petroleum Exporting Countries (OPEC) and OPEC+ on April 28, 2026. This move represents a significant blow to the oil-exporting groups, particularly affecting their de facto leader, Saudi Arabia. The UAE's departure comes amid a historic energy shock caused by the ongoing Iran war, which has already unsettled the global economy. As a longstanding member of OPEC, the UAE's exit could lead to disarray within the organization, which has traditionally aimed to present a united front despite internal disagreements over geopolitical issues and production quotas.
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Shares fall in Asia and oil prices gain as talks stall on ending the Iran war

Shares fall in Asia and oil prices gain as talks stall on ending the Iran war

Shares are mostly lower in Asia and oil prices have gained as diplomatic efforts to end the Iran war stalled again
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Asian shares are mixed and oil gains $2 as Iran talks remain in flux

Asian shares are mixed and oil gains $2 as Iran talks remain in flux

Shares are mixed in Asia and Tokyo has hit a fresh record after U.S. stocks ended last week with new highs