Oil rises on Saudi king's death boosts policy speculation

Note: This section contains information in English only.
Source: Bloomberg
Oil climbed after the death of Saudi Arabia's King Abdullah, the number one oil supplier among the OPEC member states. Crude futures added 2.6% in London and 3.1% in New York, when the death of King was announced by the Saudi royal court. The sell-off in oil was prompted by the result of OPEC's meeting in November that failed to decrease the global supply.
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