Here’s Why a New Saudi Oil Minister Won’t Do Much for Prices

Saudi Arabia's oil minister stepped down after 20 years, but one analyst doesn't think this will affect prices. 'I don't think too much is going to change at this stage,' said Oanda's Senior Market Analyst Craig Erlam. 'Saudi Arabia is still going to be focused on maintaining its market share. I think it makes the potential for a [production freeze] deal at the June [OPEC} meeting even less likely.' TheStreet's Scott Gamm reports from Wall Street.