Posted 11/29/2023, 8:34:00 AM
Gulf Stocks Mostly Down as Oil Prices Slide Ahead of Crucial OPEC+ Output Talks
- Most Gulf stock markets dropped amid volatile oil prices and ahead of a key OPEC+ meeting
- Oil prices fell slightly with Brent trading at $81.59/barrel after gaining 2% on Tuesday
- OPEC+ postponed a meeting to discuss 2024 production targets from Nov. 26 to an online meeting on Thursday
- Abu Dhabi's index fell 0.5% weighed down by Multiply and National Marine Dredging
- Saudi Arabia's index edged up 0.1% helped by gains in Etihad Atheeb Telecommunication and Arabian Pipes