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Stock impact report

Most Gulf markets track Asian shares, oil prices higher [Reuters]

ConocoPhillips (COP) 
Last conocophillips earnings: 4/30 07:00 am Check Earnings Report
Company Research Source: Reuters
Nov 30 (Reuters) - Most major stock markets in the Gulf rose in early trade on Wednesday, tracking Asian shares and oil prices higher, while the Saudi index bucked the trend to trade lower. Crude prices - a key catalyst for the Gulf's financial markets - posted gains of more than 1% in Asian trade on falling U.S. crude inventories and a lower greenback. However, concerns that OPEC+ will leave output unchanged at its upcoming meeting and weak China data limited gains. OPEC+ is likely to keep oil output policy unchanged at a meeting on Sunday, five OPEC+ sources said, although two sources said an additional production cut was also likely to be considered, to support prices. The Qatari index (.QSI) added 0.2%, on track to extend gains from the previous session when it snapped three sessions of losses, led by a 1.2% rise in Qatar Islamic Bank (QISB.QA) Germany is set to receive new flows of Qatari liquefied natural gas (LNG) from 2026 after QatarEnergy and ConocoPhillips (COP.N) Show less Read more
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