Most Gulf stock markets were unchanged at close on Wednesday after oil prices fell as investors looked for data about U.S. crude inventories amid worries of rising supply while stocks globally were steady as trade tensions seemed to ease.

Flood advisories were in effect as a dozen states were at risk of severe storms, tornadoes and hail. Some areas could see 2 months' worth of rain.

U.S. President Donald Trump met with Syria’s interim President Ahmad al-Sharaa in Saudi Arabia on Wednesday as he continues his three-nation visit this week meant to tackle multiple crises and conflicts across the Middle East.

Most Gulf stocks on Wednesday inched lower as a fall in oil prices over worries of increasing supplies hurt sentiment and investors paused to reflect over the implications of the U.S.-China tariff truce on the economy.

As President Trump heads to the Persian Gulf, some ethics experts say his investments there could represent a conflict of interest as he meets with the region's leaders.

The representation of shares from Gulf stock exchanges in the benchmark emerging-market equity index is set to rise by almost half because of the region’s “profound transformation,” Franklin Templeton said.

U.S. President Donald Trump secured a $600 billion commitmentfrom Saudi Arabia to invest in the United States on the first day of a four-day tour of the Gulf, opening the way for a series of business deals.