Energy Preview: WTI futures linger around $99 per barrel, UAE quits OPEC

WTI Crude oil futures zoomed around $100 per barrel as uncertainty around U.S.?Iran negotiations kept markets on edge. Oil continues to track developments around the Strait of Hormuz. Meanwhile, UAE?s decision to quit OPEC to prioritise its ?national interests? is yet another troubling factor for the oil market. The WTI futures are trading at $99.20 per barrel, down 0.70% on the day and could see volatile trades ahead.

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