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Saudi King Fahd Buried; Oil Prices Jump

HeadlineAug 02, 2005

In Saudi Arabia, the late King Fahd is being buried today during a small ceremony in Riyadh. He died on Monday at the age of 84. His half-brother, Crown Prince Abdullah, will be sworn in as the new Saudi king on Wednesday. Meanwhile oil prices hit record highs on Monday following the announcement of King Fahd’s death. Prices topped sixty two dollars a barrel.

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