MIDEAST STOCKS-Gulf rises in early trade as crude oil scales two-year highs:
"Stock markets in the Gulf rose early on Tuesday as crude oil prices climbed to a two-year high.
Brent oil surged 3.8 percent overnight to settle at $59.02 a barrel after major producers said the global market was on its way to rebalancing, and the commodity traded near that level on Tuesday morning.
Riyadh’s index rose 0.5 percent as all 13 petrochemical shares that were trading on Tuesday morning rose, including bellwether Saudi Basic Industries which was up 1.0 percent."
'via Blog this'
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