CM: Crude Oil price volatility shows up in Gulf Arab markets
Despite a slight rebound at stock exchanges from Kuwait to Dubai Thursday, the drop in Crude Oil prices due to ongoing worries over sterility of monetary stimuli packages in East and West triggered week losses at most Gulf Arab indexes.
Oil prices rebounded Thursday by 1.40% in late trading to trade around 91.30 for WTI Crude, but the price of the Black Gold lost 4.75% in the last 4 wks, with the exception of Kuwait.
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