MIDEAST STOCKS-Saudi outperforms region on oil, ease in lockdown
April 30, 2020 at 08:19 AM EDT
Saudi Arabia's stock market rose sharply on Thursday, outperforming the region on rising oil prices and easing coronavirus-related restrictions. Benchmark Brent crude was up 11.49%, or $2.59 at $25.13 a barrel at 1157 GMT, buoyed by signs that the U.S. crude glut is easing and fuel demand battered by COVID-19