Wednesday 25 September 2019

MIDEAST STOCKS-Most Gulf markets drop as global political uncertainty hits oil prices - Agricultural Commodities - Reuters

MIDEAST STOCKS-Most Gulf markets drop as global political uncertainty hits oil prices - Agricultural Commodities - Reuters:

Most major Gulf stock markets fell on Wednesday as oil prices eased, while investors offloaded risky bets after an impeachment inquiry was launched against U.S. President Donald Trump, stoking political uncertainty in the world’s largest economy.

Oil prices fell for a second session on worries that fuel demand could drop after Trump doused recent optimism over China-U.S. trade talks.

Both crude benchmarks fell to their lowest levels since before the attacks on Saudi Arabian oil facilities on Sept. 14.

Brent crude futures were down $1.03 cents at $62.07 a barrel, as of 0811 GMT, while U.S. West Texas Intermediate crude dropped to $56.49 a barrel.

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