Oil prices turn positive after falling by $2 a barrel on a report UAE is considering leaving OPEC

While the Saudi and Emirati energy ministers praised each other and the work of the group of oil producers, the rift appeared to be a sign of things to come as economic and geopolitical competition between the two increase.

And a potential UAE departure from OPEC would rattle the group, especially as it comes within some four years of two prior departures: Qatar in 2019 and Ecuador in 2020.