Financial Digest

Most Gulf bourses in red on Omicron worries

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Most Gulf stock markets fell in early trade on Sunday, responding to a slide in crude prices on Friday as surging cases of the Omicron coronavirus variant raised fears that new restrictions may hit fuel demand.

Oil prices, a key catalyst for the Gulf's financial markets, settled down $1.50, or 2%, at $73.52 a barrel on Friday.

 

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