Jan 23(Reuters) – Most Gulf stock markets closed higher on Monday, as oil prices climbed on robust demand outlook amid expectations of economic recovery in the world’s top importer China, while Abu Dhabi bucked the trend.
Crude prices – a key catalyst for the Gulf’s financial markets – extended last week’s gains on Monday with Brent crude up 88 cents, or 1%, to $88.51 a barrel at 1247 GMT, their highest since November 18.
