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Oil jumps as Saudi king's death feeds market uncertainty

New king promises to maintain existing energy and foreign policies

Published Fri, Jan 23, 2015 · 09:50 PM
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London

OIL prices rose on Friday after the death of Saudi Arabia's King Abdullah added more uncertainty to an oil market that has more than halved over the last six months.

King Abdullah bin Abdulaziz died early on Friday and his brother Salman became king of the world's top oil exporter. King Salman named his half-brother Muqrin - second-in-line to the throne - as heir, movin…

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