Impact: Oil prices slip 2% after bin Laden’s death image

According to CNN, oil prices slipped early Monday, as investors breathed a sigh of relief following news that U.S. forces had killed al-Qaeda leader Osama bin Laden.

Crude for June delivery fell $2.07, or nearly 2 percent, to $111.86 a barrel in early morning trading.
Spot gold prices fell to $1,549.30 a troy ounce — a drop of $16.40 or 1.2% from Friday’s closing levels. Silver stagged a bigger retreat, trading at $44.21 an ounce, falling $3.73 an ounce, or 7.8% from Friday’s close.

On the same time, Asia stocks indexes were mostly higher Monday following news of Osama bin Laden’s death, with Japan’s Nikkei Stock Average closing above 10,000 for the first time in almost two months.

We remind you that on Sunday, a small American team led a helicopter raid on a large compound in a residential area of Abbottabad, Pakistan, some 35 miles north of Islamabad, killing the al Qaida leader in a fire fight and capturing his body, according to senior administration officials.
The initial tip that led to locating him came from detainees taken into custody after the 9-11 attacks about a courier in Bin Laden’s inner circle, Obama administration officials told reporters in a briefing just after midnight.