The prices of oil had increased by over 50 percent in the second half of the year 2017, with Brent hovering about 70 dollars per barrel much of January 2018. Limited supply and rising demand are the two main factors that had helped the oil prices in recent months. Increasing in oil prices is the good source for Saudi Arabia to generating the more productivity for growing the GDP. By the currency reserves the Saud Arabia is burning rapidly as well as from the GDP 7.3% of the budget deficit is running. In the last few months some dramatics turn have been taken by Saudi Arabia’s regional and domestic’s politics (Cappelen 2017).

Source= https://www.cmegroup.com/education/featured-reports/oil-economic-landscape-of-saudi-arabia.html

References of Increasing world oil price of Saudi Arabia’s Currency and the U.S. Dollar

Blanchard, O. J., & Riggi, M. 2013. ". Why are the 2000s so different from the 1970s? A structural interpretation of changes in the macroeconomic effects of oil prices." Journal of the European Economic Association 11 (5): 1032-1052.

Cappelen, Å., & Choudhury, R. 2017. ". The Future of the Saudi Arabian Economy Possible Effects on the World Oil Market. Oil in the Gulf: ." Obstacles to Democracy and Development, 41-62.

Hussain, M., Zebende, G. F., Bashir, U., & Donghong, D. 2017. ". Oil price and exchange rate co-movements in Asian countries: Detrended cross-correlation approach. Physica A:." Statistical Mechanics and its Applications 46 (5): 338-346.

SRSROCCO. 2017. Low Oil Prices Continue To Decimate Saudi Arabia’s Currency Reserves. IN ECONOMY, ENERGY, NEWS.

Wilson, P. W., & Graham, D. F. 2016. Saudi Arabia: The Coming Storm: The Coming Storm. Routledge.