UPDATE 1-Obama, Saudi King to discuss oil prices


(Adds more details, background) WASHINGTON, May 27 (Reuters) - U.S. President Barack Obama and Saudi King Abdullah will likely discuss global oil prices when they meet next week in Riyadh, the White House said on Wednesday. "I can only imagine that will be a topic -- yes," White House spokesman Robert Gibbs said when asked whether the issue was likely to come up. Rising crude oil costs are pushing up gasoline prices, on signs that an improving U.S. economy will boost petroleum demand. ...

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