Gulf Stocks Mixed, Oil Steady as Powell Probe Rattles Fed Independence

Gulf equities and oil futures were mixed in early Monday trading as markets weighed fresh legal proceedings against Federal Reserve Chair Jerome Powell. Brent crude for March delivery was up 0.30% to trade at $63.53/bbl at 11.43 am ET, while WTI crude for February delivery was trading up 0.14% to change hands at $59.20/bbl. Saudi Arabian Mining Co (1211.SE), was up 4.7% while Dar Al Arkan Real Estate (4300.SE) gained 3.6% after its subsidiary, Dar Global (DARD.L), announced it will launch Trump-branded luxury projects worth $10 billion. ESG Emirates…