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Monday, August 01, 2005

Breaking News: King Fahd of Saudi Arabia has died

Saudi King Fahd dead
Monday, August 1, 2005 Posted: 0815 GMT (1615 HKT)
(CNN) -- Saudi Arabia's King Fahd -- whose reign was marked by unprecedented prosperity, but whose close ties with the United States stirred the passions of Islamic militants -- has died, Saudi Arabia's information minister announced Monday.

Dalek Weblog:
King Abdullah has stated that the Saudi oil policy will remain intact.

Crude-oil futures topped $61 a barrel early Monday on news of the death of King Fahd. Oil prices already were higher on U.S. refinery outages, but the Saudi king’s death gave them an additional boost.

Front-month September light sweet crude reached a high of $61.11 a barrel in electronic trading on the New York Mercantile Exchange, before falling back to $60.88 a barrel, was up 31 cents.
Read further:
CNN: Saudi King Fahd dead
BBC News: King Fahd of Saudi Arabia dies

See also:
Dalek Weblog: the king is dead, long live the king
Gopinion: King Fahd dead


Anonymous Penny stock Investing Trading said...

Saudi Arabia is in much better shape than euro land. This whole eoro thing just goes on and on' their does not seem to be an end in sight. Their have been attempts to resolve the debt issues but none of them are working.

12/07/2011 01:24:00 PM  

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