Oil price falls after bin Laden death news

Oil prices eased off two-and-a-half-year highs to below 113 dollars a barrel today after US president Barack Obama announced that al Qaida leader Osama bid Laden had been killed.

Oil price falls after bin Laden death news
Mon, 02 May, 2011 - 10:11

Oil prices eased off two-and-a-half-year highs to below 113 dollars a barrel today after US president Barack Obama announced that al Qaida leader Osama bid Laden had been killed.

Benchmark crude for June delivery was down 1.23 at 112.70 dollars a barrel at midday Singapore time in electronic trading on the New York Mercantile Exchange.

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