MIDEAST STOCKS-Oil's rebound may support Gulf; Dubai faces resistance

April 2, 2015 5:49 AM

58 0

DUBAI, April 2 (Reuters) - Gulf stock markets may rise on Thursday after oil prices rallied late on Wednesday, but lingering uncertainty around the nuclear talks with Iran may limit gains. Dubai's index faces minor technical resistance at its late March peak.

Both Brent and U.S crude prices ended three-session losing streaks on Wednesday, gaining $2 or more after data from the Energy Information Administration showed that a fall in rigs drilling for oil resulted in a drop in U.S. crude output last week for the first time since late December.

Read more

To category page

Loading...