MIDEAST STOCKS-Gulf markets rise as oil prices jump | Reuters:
"Most Gulf equity markets rose on
Monday as oil prices jumped on reports of a slowdown in U.S.
drilling activity.
Oil rose by more than 2 percent on Monday after data showed
U.S. drilling slowed and a report said $1.5 trillion worth of
planned production was uneconomic at current prices.
Saudi Arabia's stock index rose 1.0 percent and most
sectors were positive. Petrochemicals heavyweight Saudi Basic
Industries added 1.0 percent."
'via Blog this'
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