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The Independent UK
The Independent UK
National
Chan Ho-Him

Oil prices decline after UAE says it will exit Opec amid Iran war energy crisis

Stocks mostly advanced in Asia on Wednesday despite losses on Wall Street, while oil prices fell after the United Arab Emirates said it would leave Organisation of the Petroleum Exporting Countries (OPEC) in a blow to the powerful oil cartel.

US futures edged higher. Markets in Japan were closed for a holiday.

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