Sunday, 15 February 2015

UPDATE 1-MIDEAST STOCKS-Gulf markets rise after oil's rebound | Reuters

UPDATE 1-MIDEAST STOCKS-Gulf markets rise after oil's rebound | Reuters:



"Gulf stock markets rose in early trade on Sunday after oil prices surged at the end of last week, although some stocks in Dubai pulled back after disappointing fourth-quarter results.



Oil closed higher for a second straight week on Friday after another drop in the U.S. rig count, with Brent crude hitting a 2015 high above $60 a barrel.



Also, stock markets worldwide rose on Friday on stronger-than-expected economic growth in Germany and optimism that Greece would reach a deal with its creditors."



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