Crude oil futures slumped mid-day in Asian holiday trade Monday as US President Barack Obama made a live broadcast to announce that Al-Qaeda leader Osama Bin Laden was dead, nearly 10 years after the September 11 attacks.
At 11:37 am in Singapore (0347 GMT), June NYMEX crude futures were down $1.47 at $112.48/barrel while June ICE Brent futures fell $1.12 to $124.80/b.
The news sent the dollar higher against the euro, further pressuring the oil price. The dollar fetched 1.4764 dollars mid-morning in Asia Monday from 1.4864 in earlier trade.
Financial markets in Hong Kong, Singapore, China, Thailand, Malaysia and Taiwan are closed Monday for public holidays.
