Saudi Arabia drives up the oil prices

The article that I read was that Saudi Arabia is bringing the price of the oil up.it was because the death of King Fahd’s death which made the prices to a record of over $62 a barrel,, up $1 after rising 2.9% to $62.30 a barrel. AT first this scared me but then i realized that it was published on August 2, 2005 so i felt more calm but it still is bad because it might continue to be this much!

    • josephba1
    • December 3rd, 2008

    That is no a lot for a death, but is high to raise for gas, plus their money might be less worth.

    • dannyag
    • December 4th, 2008

    that is wierd that they drive that oil prices up just because of a death. well, i am not one of those people who decides whether to bring the prices higher or lower. good article.

  1. That is very bad and I totally agree with you the prices can and I’mpretty sure are going up more. Nice article.

    • jullianm
    • December 4th, 2008

    That is very wierd that they would raise the oil prices because a kings death but maybe he also had a lot to do with the prices and bringing them down

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