Talk of Weaning Off Oil Is Cheap as Gulf Stocks Mirror Crude

Updated on
  • Correlation between GCC 200 Index and Brent at 5-year high
  • Lack of diversification away from energy is hurting stocks

Oil Producers Bet on Supply and Demand as Prices Plunge

Pledges by Gulf states to diversify their economies away from a dependence on oil are winning few believers in the stock market.

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