MIDEAST STOCKS-Oil, Fed concerns and earnings may weigh on Gulf | Reuters:
"Gulf stock markets may remain under pressure on Monday after oil prices extended losses and as investors prepare for a U.S. Federal Reserve meeting this week that may take another small step towards lifting interest rates. The latest batch of corporate earnings in the Gulf is neutral to negative.
Brent crude for September slipped 12 cents to $54.50 a barrel as of 0500 GMT after dropping 65 cents in the previous session to $54.62, its lowest close since March 19.
The Fed starts a two-day policy meeting on Tuesday that could result in a September interest rate hike that would strengthen the U.S. dollar - and further weaken dollar-denominated commodities such as oil."
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