UPDATE 2-MIDEAST STOCKS-Rebounding oil supports Saudi Arabia; Egypt also up | Reuters:
"Stronger oil supported Saudi Arabia's stock market in early trade on Tuesday, while Egypt's bourse appeared to be stabilising after a profit-taking bout.
Brent oil rose more than 1 percent towards $66 per barrel on Tuesday because of firm demand after dipping in earlier trade on expectations that OPEC would not cut output at its meeting this week.
Also, Saudi Arabian oil minister Ali al-Naimi said late on Monday that oil demand would pick up and tighten the market in the second half of the year, while supply would decrease."
'via Blog this'
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