MIDEAST STOCKS-Saudi gains as oil rises on supply cut push - Reuters:
Saudi Arabia’s stock market rose in early trade on Tuesday on the back of rising oil prices, while Dubai and Abu Dhabi were shut for public holidays.
Oil prices rose for a second day as the world’s biggest oil exporter, Saudi Arabia, is pushing producers to deepen a supply cut agreement when OPEC and its allies meet this week.
Brent futures rose 19 cents, or 0.3%, to $61.11 a barrel by 0218 GMT, after gaining 0.7% on Monday.
Saudi Arabia is pushing for the cut in oil supplies to deliver a positive surprise to the market before the listing of state-owned oil giant Saudi Aramco, the sources said.
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