Gulf markets rose, boosted by OPEC+ output increase

reuters.com [$]

Most Gulf stock markets rose on Sunday, driven by OPEC+'s decision to increase oil production and anticipation of U.S. tariff decisions. Saudi Arabia's index gained 0.6%, boosted by a utilities rally, while Qatar's index dipped slightly. OPEC+ agreed to raise output by 548,000 barrels per day in August, and investors await the U.S. tariff deadline. Investors also considered U.S. tax cuts, which could increase debt and fuel inflation concerns. The Bahrain Bourse was closed for a holiday, and Egypt's market also saw gains.


With a significance score of 2.2, this news ranks in the top 20% of today's 18357 analyzed articles.

Get summaries of news with significance over 5.5 (usually ~10 stories per week). Read by 10,000+ subscribers:


Gulf markets rose, boosted by OPEC+ output increase | News Minimalist