RPT-MIDEAST STOCKS-Gulf moves in line with global stocks, Saudi petchems up on soaring oil | Reuters:
"Gulf stock markets opened in positive territory on Sunday, mirroring gains in global stocks late last week and boosted by soaring oil prices. Weaker-than-expected jobs data in the United States eased worries about a potential acceleration in the pace of U.S interest rate hikes from the Federal Reserve. This, combined with gains in tech shares such as Apple, gave support to U.S. stocks last Friday. Oil prices hit their highest in more than three years, with Brent crude settling up at $74.87 a barrel, as the market awaited news from Washington on possible new U.S. sanctions against Iran."
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