A world rejecting OPEC controls could usher in oil below $50 a barrel

🇺🇸 MarketWatch (US) —

AI Summary

Iraq's suggestion it may leave OPEC signals potential significant shifts in the global oil market for 2026 and could lead to oil prices dropping below $50 a barrel. This development adds to the instability and uncertainty facing energy markets worldwide.

Iraq’s hint that it could exit OPEC is yet another source of potential tumult for the global oil market in 2026.

World Markets Commodities Energy OPEC oil prices Iraq global energy market 2026 forecast oil barrels

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