European equities ease as UAE exits OPEC, clouding the oil outlook
TL;DR
European stocks edged lower as the UAE announced it would exit OPEC, complicating the oil supply outlook. Banks including UBS and Santander posted solid earnings while Deutsche Bank missed expectations on credit losses, Adidas beat on Q1 results, and investors awaited the Federal Reserve’s rate decision.
- European stocks to open lower as UAE OPEC exit complicates oil supply outlook CNBC
- Amid Iran War and Tensions with Neighbors, U.A.E. Goes Its Own Way The New York Times
- UAE Quits OPEC: What It Means For India's Oil Prices, Fuel Bills NDTV
- What are OPEC and OPEC +, and why has the UAE quit? Al Jazeera
- UAE to leave OPEC amid Hormuz oil crisis, a blow to Saudi Arabia The Washington Post
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