Death of Saudi King Unsettles Oil Market, Prices Rise
Riyad, Jan. 23 (NsNewsWire) — Oil prices rose on news of the death of Saudi Arabia’s powerful King Abdullah, but the increase is likely to be short-lived without a cut in the kingdom’s immense crude production. The benchmark U.S. crude futures contract was up 71 cents to $47.02 a barrel at 0725 GMT on Friday. […]
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