Headline is here, and more here.

Comments from the Wall Street Journal:

  • Crown Prince Salman has been declared king and Prince Muqrin became Crown Prince
  • His death removes a bulwark against the democratic and Islamist movements that have roiled the rest of the Arab world since the uprisings of 2011
  • Though his immediate successors are seen as just as conservative as he was, or more.

More (gated): Saudi Arabia’s King Abdullah Dies

Oil update:

oil 2 23 January 2015