Fossil Fuels
Gulf stocks fall as excess oil worries weigh
On Wednesday, most Gulf stocks were down slightly as a drop in oil prices due to fears of increased supplies hurt sentiment. Investors also paused for thought about the economic implications of the U.S. China tariff truce. The price of oil, a major factor in the Gulf financial markets, fell on Wednesday as traders awaited a possible increase in U.S. crude stocks. Prices remained near their two-week highs, however, as traders waited for a possible increase in U.S. crude inventories. The U.S.-China Trade War may have stopped, but the financial markets are still uneasy. Israel warned Wednesday that three ports...