MIDEAST STOCKS-Oil may again weigh on Saudi; UAE's TAQA posts poor Q4

April 1, 2015 5:46 AM

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DUBAI, April 1 (Reuters) - Oil's weakness following the extension of nuclear talks with Iran may put more pressure on some Gulf stocks such as Saudi Arabian petrochemicals on Wednesday, while Abu Dhabi's TAQA may fall after reporting a big fourth-quarter loss.

Oil futures have edged lower in Asian trade amid speculation that a last-minute deal over Iran's nuclear programme would be reached that could allow more Iranian crude onto world markets. Brent is down 0.2 percent and U.S. oil has fallen 0.4 percent.

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