The Guardian | What Succession in Saudi Arabia Means for Oil Prices NBCNews.com News that Saudi King Abdullah bin Abdulaziz Al Saud passed away sent oil prices sharply higher on Friday, but analysts dismissed the move as a knee-jerk reaction, noting the recent trend remains intact. "It's not an extraordinary move in oil prices ... Oil prices soar as Saudi king's death fuels market jitters What now for oil after Saudi king's death? Oil Rebounds on Saudi King's Death, China PMI Data |