Monday, 8 June 2015

MIDEAST STOCKS-Gulf markets narrowly mixed as oil slips | News by Country | Reuters

MIDEAST STOCKS-Gulf markets narrowly mixed as oil slips | News by Country | Reuters:



"Gulf stock markets were mixed on Monday after Brent oil slipped towards $63 per barrel on news of a slide in China's fuel imports.



China, the world's biggest net oil importer, bought nearly a quarter less crude in May than it did in the previous month, official data showed. China's imports of oil products also fell by more than 6 percent, while oil product exports fell 10 percent.


Saudi Arabia's main index edged down 0.6 percent as petrochemicals heavyweight Saudi Basic Industries fell 1.0 percent and major lender Al Rajhi Bank lost 1.2 percent."



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