MIDEAST STOCKS-Gulf mixed, strong oil fails to boost markets | Reuters:
"Gulf stock markets ended mixed on Monday, with a strong oil price failing to give much of a boost to shares as investors focused on the blow to corporate earnings expected later this year from governments' austerity policies.
Brent crude futures climbed more than 2 percent to as high as $49.08 a barrel on Monday, their highest level this year, after long-time bear Goldman Sachs said the oil market had ended almost two years of oversupply and flipped to a deficit.
This buoyed some Saudi petrochemical shares, with Saudi Kayan rising 0.7 percent and Sahara Petrochemical gaining 1.3 percent.
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