Quote:
Originally Posted by Delgar
It was suggested to me this afternoon by someone ...that this causes the existing Saudi policy (keep producing at current levels) to be in doubt
|
It was known he was sick for the last 10 months or so....but his death wasn't announced until an hour ago...
Strictly talking about oil prices, and sort of uncertainty in Saudi or the area in general is likely to have an already sensitive/tense market keenly following the situation. No matter what, some will be hoping to cash in that things are now on the right track (in their mind) and prices climbing back up to $80 as quickly as it dropped off...and, more time for analysts to be making outlandish interpretations just as we've seen in the past couple months.