This week, the oil market has seen a very brief, nervous upsurge in prices due to uncertainties surrounding all energies. The death of King Abdullah of Saudi Arabia on Friday has increased the nervousness felt by many.
For example, Brent crude futures reached a high mark of $49.80USD a barrel early in the day, then slowed to $49.30USD a barrel by 0650 GMT. This marked a trading change of upward at 78 cents.
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