A man walks past portraits of Saudi leaders at the Tadawul Saudi Stock Exchange, in Riyadh, Saudi Arabia, Monday, June 15, 2015. (AP Photo/Hasan Jamali)
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With the threat of militant attacks spreading across the Middle East still hanging in the air, a drop in the price of oil after Greek bailout talks collapsed has put more pressure on Saudi stocks.Equities in OPEC's biggest oil producer dropped 1.6 percent at the 3:30 p.m. close in Riyadh to the lowest in more than two months after the price of Brent crude sank as much as 3 percent. Oil prices fell on concern Greece's failure to reach a deal with international creditors will prompt its exit from the euro area. It's currently the fifth-largest producer in the Organization of Petroleum Exporting Countries, whose 12 members supply about 40 percent of the world's crude.Saudi Arabia holds about 16 percent of the world's proven oil reserves.
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