MIDEAST STOCKS-Saudi, Qatar gain on financials and petchems; other mkts quiet - Agricultural Commodities - Reuters:
Qatar’s stock market rose and Saudi stocks gained on Tuesday as recovering oil prices buoyed their banks and petrochemical stocks, while other markets were quiet.
Oil prices rebounded on reports that production at the world’s largest oil producers fell during the third quarter, although a resumption in Saudi supply and demand concerns continued to keep a lid on prices.
December Brent crude futures LCOc1 rose 25 cents, or 0.42% to $59.50 a barrel by 0657 GMT, while U.S. West Texas Intermediate crude CLc1 for November was up 25 cents, or 0.46%, at $54.32 a barrel.
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