MIDEAST STOCKS-Oil may be key driver of cautious Gulf markets | Reuters:
"Gulf stock markets may keep tracking volatile oil prices on Wednesday in the absence of other strong catalysts. Also, investors may be cautious ahead of the U.S. Federal Reserve's policy statement and U.S. oil inventories data due later in the day.
Brent oil edged down towards $53 per barrel in Asian trade on Wednesday as U.S. crude inventories were forecast to have surged for the tenth straight week to a new record high.
Oil's fresh weakness has weighed on all Gulf markets this week, with benchmarks in Dubai and Saudi Arabia showing most volatility."
'via Blog this'
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