Oil drops sharply after Bin Laden death
CHRISTOPHER JOHNSON LONDON, UNITED KINGDOM - May 02 2011 14:03
Oil prices fell more than 3% on Monday after United States (US) forces killed al-Qaeda leader Osama bin Laden following a decade of military operations across central Asia and the Middle East.
Brent crude futures for June fell $4,22 to a low of $121,67 a barrel before rallying to $123,65 by 11.10am GMT. Last month Brent hit a 32-month high above $127.
US crude slid $1,90 to $112,03.
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