MIDEAST STOCKS-Gulf markets fall as oil tumbles again | Reuters:
"Gulf stock markets pulled back on Thursday after Brent oil fell sharply, undermining petrochemical stocks in particular and investor sentiment in general, and corporate news turned out to be mostly negative.
Brent oil fell 2.6 percent and traded below $59 per barrel by 1230 GMT after a big weekly build-up in U.S. crude inventories.
The main Saudi stock index fell 1.1 percent as Saudi Basic Industries, the kingdom's top petrochemicals producer, dropped 2.8 percent."
'via Blog this'
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