Saudi Arabia – Price of oil jumped after the announcement that King Abdullah bin Abdulaziz died. There were speculations about a possible shift in the kingdom’s policy of allowing crude prices to fall. However the successor of the king announced that there won’t be any changes.

King Abdullah bin Abdulaziz past away this Thursday, 22nd of January according to the official statement. The king who had ruled since 2005, had been suffering from a lung infection. There are rumors that Salmon, who inherited the throne is not in good health condition. Many believe the new king suffers dementia or Parkinson’s disease.

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