⬇Oil tumbles after reports from OPEC

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Oil prices collapsed after WSJ reports that the United Arab Emirates was to ask OPEC authorities to give the green light to increase oil production. That could mean more supply in the market and possible action from other large and flexible OPEC producers like Saudi Arabia and Iraq.

Additionally UAE are debating internally whether to leave OPEC, according to WSJ citing Sources, however

The downward movement was quite significant and oil fell nearly to $82 per barrel. To a large extent, these moves have been erased, but oil still trades nearly 1% lower on a daily basis. Currently, prices are trading around $84.00.

Source: xStation5

11 February 2026, 1:15 PM

Market wrap: Oil gains amid US - Iran tensions 📈 European indices muted before US NFP report

11 February 2026, 12:29 PM

📈 Gold jumps 1.5% ahead of NFP, hitting its highest level since Jan. 30

11 February 2026, 7:57 AM

Silver rallies 3% 📈 A return of bullish momentum in precious metals?

10 February 2026, 6:47 PM

Daily summary: Weak US data drags markets down, precious metals under pressure again!

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