The Month That Was - MENA markets continue to fall

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MENA markets were negative in May, excepting Egypt that gained 5.6%. Oil price continued to decline in May settling at USD 50.31 compared to USD 51.73.....

Summary

MENA markets were negative in May, excepting Egypt that gained 5.6%. Oil price continued to decline in May settling at USD 50.31 compared to USD 51.73 at the end of April 2017. Oil markets remain bearish despite OPEC’s concerted efforts.

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The Month That Was - MENA markets continue to fall

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