Oil Dips as UAE Quits OPEC, but Brent Stays Near $111 on Fears of Extended Iran Port Blockade

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 $111.2

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