MIDEAST STOCKS-Markets gloomy ahead of OPEC meeting | Reuters:
"Most Gulf markets fell on Wednesday as uncertainty about oil prices prompted investors to sell stocks, while energy importer Egypt posted strong gains.
Brent crude traded below $79 a barrel on Wednesday after Saudi Arabia signalled it was unlikely to push for a major change in OPEC oil output despite a collapse in prices.
Saudi Arabian Oil Minister Ali al-Naimi said he expected oil "to stabilise itself eventually", a comment traders understood to mean that the cartel would not cut output when oil ministers from the Organization of the Petroleum Exporting Countries (OPEC) meet on Thursday in Vienna."
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