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Oil prices fall by more than $1 a barrel

WASHINGTON - Oil prices sank by more than $1 a barrel Thursday following the death of al-Qaida's leader in Iraq and on concerns of a slowdown in global economic growth, among other factors.

From an oil-market perspective, analysts cautioned against reading too much into the U.S. air strike that killed Abu Musab al-Zarqawi, a Jordanian-born militant who led a campaign of suicide bombings, kidnappings and other violence across Iraq.

Al-Zarqawi was not directly linked to attacks on Iraqi oil infrastructure, said Antoine Halff, director of global energy at Fimat USA in New York. ''As such, I don't think his death will result in a significant decline in attacks on pipelines,'' he said.

- From wire reports