Brent crude futures rose to a high of US$49.80 a barrel shortly after opening before easing back to US$49.35 a barrel by 0152 GMT on news King Abdullah of Arab Saudi had died - AFP/SPA Photo.
SINGAPORE: Oil prices jumped in Asian trading on Friday as news of the death of Saudi Arabia's King Abdullah added to uncertainty in energy markets already facing some of the biggest shifts in decades.
Abdullah died early on Friday and his brother Salman became king, the royal court in the world's top oil exporter and birthplace of Islam said in a statement carried by state television.
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