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Saudi King Abdullah dies
Saudi Arabia's King Abdullah bin Abdulaziz Al Saud has died, state television reported early on Friday and his brother Salman became king, it said in a statement attributed to Salman. King Salman has called on the family's Allegiance Council to pay allegiance to Muqrin as his crown prince and heir. U.S. crude prices rose about 1.5 percent immediately after the news broke. The succession to Salman was largely expected to be smooth. The Saudi royal family announced in March that 79-year-old Salman would succeed the king. Weeks ago, when King Abdullah was reported to be seriously ill, Saudi watchers told CNBC that the ... (full story)
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