King Abdullah's Demise Will Be A Non-Event For Oil Prices

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King Abdullah's Demise Will Be A Non-Event For Oil Prices There was a quick spike in oil when Abdullah’s death was confirmed, but that quickly faded, and U.S. crude is flat to slightly lower this morning at $46 a barrel. Brent crude is up a pinch to $49. Read More > SHARE: #11 Abdullah bin Abdul Aziz Al Saud: The World's Most Powerful People 2014 Meet the most influential people running the world right now. Read More > SHARE: RETROSPECTIVE: Investors Freak As Saudi Inaction Could Sink Oil To $20 A Barrel. Time To Buy? The world freaked out over oil yesterday. U.S. crude fell as low as $49.77 a barrel, down about 6%. Brent crude is at $53. This is the lowest price since early 2009, when oil bottomed at $35 less than nine months after hitting a record high of $147. Read More > SHARE: WATCH VIDEO  Brennan Potts Leads A New Generation Into Energy Industry Even with oil prices plummeting, fracking is a boom industry. Energy entrepreneurs like Brennan Potts, cofounder of Titanium Exploration Partners. The firm has raised $300 million in private equity funding and amassed interests in over 25,000 acres. SHARE: RETROSPECTIVE: Stocks Struggling To Break Free Of Oil's Slide Even after a 50% slide, oil could have further to fall and keep a tight leash on stocks. Read More > SHARE: WATCH VIDEO  Richard Branson's Push For Alternative Energy Founder of the Virgin Group is working to make alternative fuels the standard for not just his Virgin Airline crafts -- but all planes. SHARE: