MIDEAST STOCKS-Oil weighs on Saudi petchems; Egypt pulls back after rally | Reuters:
"Gulf stock markets were mixed on Wednesday as oil prices failed to recover the previous day's losses, while Egypt's bourse pulled back following a broad rally prompted by a decision to delay the unpopular capital gains tax.
Brent oil fell over 3 percent on Tuesday to a one-month low of $63.95 per barrel on a U.S. dollar rally and concern about a building glut, which Goldman Sachs said would lead to a return to 2015 lows.
It rose 1.5 percent on Wednesday after strong Japanese economic growth surprised markets, but remained below $65."
'via Blog this'
No comments:
Post a Comment