UPDATE 1-MIDEAST STOCKS-Dubai's rally slows as oil slips | Reuters:
"Gulf stock markets rose in early trade on Wednesday but Dubai, which had led gains in the previous session, slowed its advance as oil prices slipped.
Brent crude fell 0.7 percent in Asian trade after surging almost 6 percent on Tuesday when oil major BP and top Chinese offshore energy producer CNOOC said they would deepen capital investment cuts this year to adapt to lower oil prices.
Dubai's index, which jumped 2.5 percent on Tuesday, was up 1.1 percent shortly after opening on Wednesday."
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