Sunday 22 February 2015

MIDEAST STOCKS-Gulf markets mixed after oil steadies | Reuters

MIDEAST STOCKS-Gulf markets mixed after oil steadies | Reuters:



"Gulf equity markets were narrowly mixed on Sunday after oil prices stabilised, with low trading volumes indicating that investors remained cautious.



Brent crude oil steadied just above $60 a barrel on Friday as expectations for falling U.S. rig count numbers outweighed concerns about oversupply.



Oil's weakness earlier last week ended a rally across Gulf stock markets, prompting investors to book profits and stay on the sidelines."



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