Jump to content
House Price Crash Forum
Sign in to follow this  
Guest unregistered

U.s. Crude Rises After Saudi King Fahd Dies

Recommended Posts

Guest consa

U.S. crude rises after Saudi King Fahd dies

Mon Aug 1, 2005 8:36 AM BST

SINGAPORE (Reuters) - Oil prices rose more than 50 cents to a nearly three-week high above $61 a barrel on Monday after state television said King Fahd of Saudi Arabia, the world's biggest oil exporter, was dead.

U.S. light, sweet crude reached a new intra-day peak of $61.11 a barrel, up 54 cents on the previous close and about 35 cents higher than before news of King Fahd's death. Prices are still below their all-time high of $62.10 a barrel.

Saudi state television interrupted regular broadcasting with recitations of the Koran on Monday, which a Western diplomat said was because King Fahd was dead. State television later confirmed the death and said Prince Abdullah was named king.

http://today.reuters.co.uk/news/newsarticl...SAUDI-DEATH.xml

Share this post


Link to post
Share on other sites

Prince Abdullah has been running the show for some time now and has been immediately named King. Succession not a problem from my undestanding (slim).

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 335 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.