Monday 8 June 2015

MIDEAST STOCKS-Gulf markets fall as OPEC maintains output, Yemen fighting escalates | Reuters

MIDEAST STOCKS-Gulf markets fall as OPEC maintains output, Yemen fighting escalates | Reuters:



"Most Gulf stock markets edged down on Sunday after oil prices fell on the week and fighting in Yemen intensified. Egypt was also weak following poor balance of payments data.



Despite a rally on Friday, Brent crude fell 3.6 percent last week as OPEC left its output unchanged.



Yemen's dominant Houthi group and its allies fired a Scud ballistic missile into Saudi Arabia, which the kingdom said it had shot down on Saturday, in a major escalation of two months of war. Fighting also intensified along the border between the two countries."



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