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Saudi shares hover near multi-year highs; Qatar falls

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Stock markets in the Gulf ended mixed on Sunday, with the Saudi index hovering near a 15-year high amid rising oil prices as geopolitical turmoil exacerbated concerns over tight energy supply.

Brent futures rose 69 cents to settle at $90.03 a barrel, after hitting $91.70, the highest level since October 2014. Crude prices drew support from concerns over a possible military conflict in Ukraine that could disrupt energy markets, especially natural gas supply to Europe.

 

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