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INSTANT VIEW 6 - Osama bin Laden killed in Pakistan, Obama says

Published 05/02/2011, 01:57 AM
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back to traditional metrics of risk and it's all about earnings."

DAVID LENNOX, COMMODITIES AND MINING ANALYST, FAT PROPHETS, SYDNEY:

"There is always a reaction in commodities to news of this nature. The markets will always react quickly, and in this case it is someone who has been held out as the father of all terrorism.

"But any easing we might see in oil or gold markets, in my view will be short-lived. The longer-term impact will not be substantial."

JONATHAN BARRATT, MANAGING DIRECTOR, COMMODITY BROKING SERVICES, SYDNEY:

"It is all about erosion of risk premium. If Osama is taken out, you are going to see risk premium being wiped out from the market. It is going to bring down oil prices by $5 to $10 if people warrant that risk premium is important."

TOMOMICHI AKUTA, SENIOR ECONOMIST, MISTUBISHI UFJ RESEARCH AND CONSULTING, TOKYO: on oil markets

"This is a bear factor. I take this as a factor that would ease worries about geopolitical risks." (Asia Desk; +65 6870 3277)

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