MIDEAST STOCKS-Petrochemical stocks weigh on Saudi as oil dives towards $30 | Reuters:
"Petrochemical stocks weighed on Saudi Arabia's bourse on Tuesday, erasing the previous day's gains as oil slumped towards $30, while Egypt's benchmark extended losses.
Brent crude was down 2.1 percent at $30.90 at 0825 GMT as analysts scrambled to cut their 2016 oil price forecasts and traders bet on further price falls.
Saudi Arabia's benchmark fell to 2.0 percent to 6,037 points, within about 70 points of a new four-year low and erasing Monday's brief rebound."
'via Blog this'
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