MIDEAST STOCKS-Saudi shares drop moderately after oil tumbles | Reuters:
"Saudi Arabia's stock market fell moderately in early trade on Monday after oil producers meeting in Doha on Sunday caused crude prices to tumble, although some stocks rose on the back of better-than-expected earnings.
Brent futures are trading at $41.15 per barrel, down 4.6 percent from their last settlement.
The failure of the Doha meeting to agree on an oil output freeze may not make a huge difference to prices in the long term - analysts thought a freeze would have had only a minor impact on market conditions."
'via Blog this'
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