- Saudi Arabia King Abdullah has died at about the age of 91, according to the royal court. Crown Prince Salman - 79 years old and Abdullah's half-brother - has been declared king, and Prince Muqrin Crown Prince.
- Stability was key for Abdullah, and he was seen as a bulwark against both the democratic and Islamist movements spreading across the Arab world. His immediate successor(s) are seen as conservative as he was, or more.
- WTI crude oil is up 2.3% in evening trade to $47.37 per barrel. USO +1.95% after hours.
Saudi King passes away
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| Symbol | Last Price | % Chg |
|---|---|---|
| USO | - | - |
| United States Oil Fund, LP ETF | ||