Saudi King Abdullah's death sparks oil market uncertainty

(Image credit: Sean Gallup/Getty Images)

The death of Saudi Arabia's King Abdullah has led to speculation about what will happen to the oil markets. Oil prices briefly shot up late Thursday, in contrast to the recent downward trend.

But on Friday, successor Crown Prince Salman said he did not plan on implementing any significant policy shifts, so analysts expect prices to stay low, according to Christian Science Monitor.

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Julie Kliegman

Julie Kliegman is a freelance writer based in New York. Her work has appeared in BuzzFeed, Vox, Mental Floss, Paste, the Tampa Bay Times and PolitiFact. Her cats can do somersaults.