MIDEAST STOCKS-Gulf markets flat on steady oil, banks weigh on Abu Dhabi:
"Stock markets in the Middle East were largely flat on Thursday on the back of steady oil prices, but exchanges in Dubai and Abu Dhabi shed some value, dragged down by some companies missing investors’ expectations.
Oil prices steadied, supported at near multi-month highs by tighter crude markets, but slightly pressured by an unexpected increase in U.S. production, exports and crude inventories.
Brent crude was changing hands at $58.34 a barrel at 1221 GMT, backed by comments from Saudi Arabia’s energy minister earlier this week which confirmed that the country - the world’s top crude exporter - is determined to end a global supply glut that has impacted oil prices over the past three years."
'via Blog this'
No comments:
Post a Comment