Saudi King Abdullah's death sparks oil market uncertainty
The death of Saudi Arabia's King Abdullah has led to speculation about what will happen to the oil markets. Oil prices briefly shot up late Thursday, in contrast to the recent downward trend.
But on Friday, successor Crown Prince Salman said he did not plan on implementing any significant policy shifts, so analysts expect prices to stay low, according to Christian Science Monitor.
It's unclear who will succeed King Salman, 79, and what, if any, changes to policy will be made then.
The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
Julie Kliegman is a freelance writer based in New York. Her work has appeared in BuzzFeed, Vox, Mental Floss, Paste, the Tampa Bay Times and PolitiFact. Her cats can do somersaults.
-
Why is Trump’s alleged strike on Venezuela shrouded in so much secrecy?TODAY'S BIG QUESTION Trump’s comments have raised more questions than answers about what his administration is doing in the Southern Hemisphere
-
Vance’s ‘next move will reveal whether the conservative movement can move past Trump’Instant Opinion Opinion, comment and editorials of the day
-
Why recognizing Somaliland is so risky for IsraelTHE EXPLAINER By wading into one of North Africa’s most fraught political schisms, the Netanyahu government risks further international isolation
-
Nobody seems surprised Wagner's Prigozhin died under suspicious circumstancesSpeed Read
-
Western mountain climbers allegedly left Pakistani porter to die on K2Speed Read
-
'Circular saw blades' divide controversial Rio Grande buoys installed by Texas governorSpeed Read
-
Los Angeles city workers stage 1-day walkout over labor conditionsSpeed Read
-
Mega Millions jackpot climbs to an estimated $1.55 billionSpeed Read
-
Bangladesh dealing with worst dengue fever outbreak on recordSpeed Read
-
Glacial outburst flooding in Juneau destroys homesSpeed Read
-
Scotland seeking 'monster hunters' to search for fabled Loch Ness creatureSpeed Read
