The price of oil has bounced up some in the global markets at this point. Up about $1.45. While traders seem mixed in whether this is a longer term policy changing type of thing, it definitely could be. There is speculation about who will be the oil minister for the Saudis now, and of course with a change there you could see a change in shorter term policy as well. It's impossible to know I guess.
Overall if there is instability in the region, or a game of thrones like struggle for power (as some have mentioned) it will make oil more volatile for sure, and quite possibly higher.
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