Most Gulf Markets Gain on Easing Oil Worries and Fed Hike Bets
Major Gulf stock markets opened higher Tuesday, buoyed by receding concerns over oil supplies and reduced expectations of a near-term U.S. interest rate hike. Improved global risk sentiment also contributed, with data showing Gulf oil flows (excluding Iran) surging to over 81% of pre-war levels in September.
Most major Gulf stock markets opened higher on Tuesday, helped by easing concerns over oil supplies, lower expectations for a near-term US interest rate hike and improving global risk appetite. Data showed Gulf oil flows excluding Iran surged to over 81% of pre-war levels in September, led by a…