King Fahd's death is unlikely to change Saudi oil policy, but traders have long-term worries about the succession.
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Crude Oil Slid From Record Highs
Crude prices slipped back Tuesday from record highs
Crude prices slipped back Tuesday from record highs, where they were sent by the death of King of Saudi Arabia on Monday.
US light sweet crude dropped to $61.41 in Asian trade, after hitting $62.30 in the NYMEX on Monday on fears of instability in Saudi Arabia.
King Fahd's death is unlikely to change Saudi oil policy, but traders have long-term worries about the succession.
King Fahd's death is unlikely to change Saudi oil policy, but traders have long-term worries about the succession.
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