23-01-15 7:31 pm – Source: Reuters
Oil extraction in Saudi Khouris. © AFP
The death of the King of Saudi Arabia this morning immediately resulted in an increase oil prices. Investors speculate possibly a change of policy in the largest oil producer in the oil cartel OPEC.
Saudi Arabia at the end of last year, the driving force behind the decision within OPEC oil production despite
falling prices temporarily not to decrease. Following that decision, the oil price went down even further. 
The price of a barrel of Brent, the measure of oil from the Middle East and Europe rose more than 2 percent on Friday to $ 49.65. US oil was 2 percent more expensive and cost $ 47.23 per barrel. The prices thus incidentally, are still more or less at the lowest levels since early 2009.
. (Edited by: Editorial)
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