MIDEAST STOCKS-Most Gulf markets rise after oil extends gains | Reuters:
"Most stock markets in the Gulf rose on Wednesday after oil prices jumped for a second day in a row and Dubai led gains, lifted by speculative buying.
Brent crude rose above $66 per barrel after a report of falling U.S. inventories and signs that U.S. oil production growth was levelling off after several years of very sharp increases.
The main Saudi index climbed 0.5 percent as most stocks rose. Saudi Basic Industries (SABIC), the largest petrochemicals company in the kingdom, gained 1.0 percent. SABIC's earnings are sensitive to oil prices."
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