Gulf can cope with cheaper oil, IMF says as bourses plunge
 

16-12-14 04:51 PM

By Martin Dokoupil DUBAI (Reuters) - The Arab energy exporting states of the Gulf can cope comfortably with sliding oil prices, an International Monetary Fund official said on Tuesday, as a plunge in regional stock markets showed some local investors were panicking. Brent crude oil dropped below $60 a barrel on Tuesday for the first time since 2009, from around $115 as recently as June. If those ...

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