MIDEAST STOCKS-Gulf markets slip after Asian losses, despite oil price gain | Reuters:
"Gulf stock markets, which had mostly opened higher on Tuesday in response to an overnight surge of oil prices, quickly gave up those gains and moved into the red after leading Asian equity indexes fell because of poor data from China.
Oil futures soared more than 8 percent late on Monday, though they then pulled back about 3 percent in Asian trade on Tuesday morning.
The surge was fuelled by an OPEC commentary saying the cartel was willing to talk to other producers to achieve reasonable oil prices, as well as by a downward revision of U.S. output data by the U.S. Energy Information Administration."
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