Oil prices on Wednesday reacted sharply lower yesterday after another report surfaced that the Arab Emirates intends to increase its oil production. By the end of the day Brent lost WTI oil fell by 1.70% to $72.12. The reason was the report released yesterday by the Dow Jones on the UAE's plans to increase exports due to higher demand. However, as Bloomberg pointed out, those intentions were already known to the public and had already sparked a dispute within OPEC+ that has never been resolved, which was never resolved. The alliance had been negotiating for days, but the dispute was never resolved. Negotiations on the alliance continued for days, but the disagreement between the Saudis and the Arabs has not been resolved. The alliance had been negotiating for days, but the disagreement between Saudi Arabia and the Arab Emirates could not be resolved, threatening a crisis for the alliance. threatening a crisis for the alliance and a deficit in the oil market. According to OPEC Secretary General Mohammed Barkindo said the date of the next meeting had not been agreed upon. The date of the next meeting has not been agreed upon, OPEC Secretary General Mohammed Barkindo said. The current situation is contributing to increased volatility in the Oil - after the failed negotiations, codings soared, and yesterday - dropped sharply.