Most major Gulf markets fall in early trade; Qatar up

Most major Gulf markets fall in early trade; Qatar up

(Reuters) - Most major Gulf markets were in negative territory on Thursday, mirroring weak oil prices as mounting coronavirus cases globally raised demand concerns, although Qatar bucked the trend to trade higher. Brent crude oil futures fell 18 cents, or 0.3%, to $55.88 a barrel by 0425 GMT. [O/R] Saudi Arabia’s benchmark index fell 0.4%, with Al Rajhi Bank losing 0.4%, while the kingdom’s largest lender, National Commercial Bank, was down 0.6%. Aramco has cut supplies of February-loading crude for some Asian buyers by up to a quarter while meeting requirements of at least four others, Reuters reported on Wednesday, …
More on: www.reuters.com