Oil prices have been swinging about as traders have tried to make sense of the impact of Osama bin Laden’s assassination by US special forces.
Brent crude fell by more than 1 per cent on Barack Obama’s announcement from $125.60 to $124.65 a barrel and then slipped further before recovering the $125 level only to fall sharply again after 0915 BST to as low as $121.67. At 1045 it stood at $122.73.
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