Gaddafi Shot

Oil prices fall on unconfirmed rumors Gaddafi was shot

Oil traders are citing unconfirmed rumors that Libyan leader Moammar Gaddafi was shot to explain a sudden downward reversal in oil prices today.


In New York, oil futures dropped 1.61 percent to settle at $96.49 per barrel.

However, U.S. officials denied the rumors and said it had no reason to believe Gaddafi was dead or even wounded. ( Read Gaddafi Shot more... )

NYMEX-US crude rally fizzles on rumor Gaddafi shot

U.S. crude oil futures dropped more than 2 percent in a late sell-off on Thursday on rumors that Libyan strongman Muammar Gaddafi had been shot, wiping out gains in a rally to near 2-1/2-year highs.

Earlier, news that Saudi Arabia was in talks with European companies affected by the disruption of Libyan supplies and was willing and able to plug any gap appeared to have capped the day's highs, traders said. ( Read Gaddafi Shot more... )

Gaddafi shot? Swiss Assets Frozen, Oil Prices Drop

There is an unsubstantiated rumor that Moammar Gaddafi has been shot. But earlier today, a former Gaddafi aide said that Gaddafi was more like Hitler and would likely commit suicide before conceding his power.

Gas prices are at the highest the nation has seen in years, but today the barrel dropped $3 dollars to a little under $97 per barrel. A United States federal official who would not release his name stated to NBC News that there is no reason to believe rumors that Gaddafi is dead or wounded are true.

The violence in Libya has escalated gas prices and upset the stock markets. Since the rumor of Gaddafi's being shot, stock prices have shot up and oil prices have dropped. ( Read Gaddafi Shot more... )

Libya: Col Gaddafi compares himself to the Queen

Col Muammar Gaddafi on Thursday night pleaded with his people to view him as benign figurehead, comparable to the Queen, as he made increasingly desperate efforts to stave off the collapse of his beseiged regime.

On the streets, resistance to the rule of Col Muammar Gaddafi was coming closer to his stronghold in the capital city of Tripoli. Troops loyal to the dictator opened fire with machineguns and anti-aircraft artillery on demonstrators in the town of Zawiya, 30 miles west of Tripoli.

Residents said at least 100 people were killed before Gaddafi's troops withdrew to the outskirts, though other sources gave much lower figures. ( Read Gaddafi Shot more... )

Was Libyan Leader Muammar Gaddafi Shot? (VIDEO)

Rumors are swirling that Muammar Gaddafi, longtime leader of Libya, was shot by a soldier. Oil prices dropped below $100 based on the rumor.

Most nations around the world are currently advising against non-essential travel to Libya. This afternoon news was released that Gaddafi, who has been in power for 41 years, was shot. A senior White House official told NBC that the there is no reason to believe that Gaddafi was dead or had even been fired upon.

After the rumor was started, Oil prices tumbled $2 a barrel.

A resident of the Libyan capital of Tripoli told CBS Radio News Thursday that supporters of Muammar Qaddafi, the country’s longtime leader, have stormed into hospitals to shoot wounded demonstrators and take dead bodies to an unknown location. The violence seems to be growing. ( Read Gaddafi Shot more... )

Gaddafi: Shot or not?

Global rumors that Libyan dictator Moammar Gaddafi has been shot roiled the markets this afternoon.

Oil prices tumbled $2 a barrel.

The White House says it has “no reason to believe” Gaddafi is dead.

But given how CIA director Leon Panetta gets his intelligence — quick, get him the TV remote control! — there’s no reason to believe the White House knows anything more than you or I do at this point.

Stay tuned… ( Read Gaddafi Shot more... )

Oil tumbles on rumors Gaddafi shot: traders (Reuters)

Reuters - Traders said oil prices fell by more than $2 a barrel in late Thursday activity on rumors Libyan leader Muammar Gaddafi had been shot. ( Read Gaddafi Shot more... )

Gaddafi Shot? Maybe, Maybe Not

Oil prices dropped below $100 on rumors that Muammar Gaddafi, who is desperately clinging to his role as leader of Libya, was shot by a soldier and based on Saudi Arabia's declaration that the Arab nation could match Libya's out-put should the situation merit such a move.

With most nations currently advising against non-essential travel to the North African nation, rumors surfaced this afternoon that Gaddafi, who has been in power for 41 years, was shot.

A senior U.S. official told NBC that the U.S. has no reason to believe that Gaddafi was dead or had been fired upon. ( Read Gaddafi Shot more... )

U.S. crude rally fizzles on rumour Gaddafi shot

Gold slipped and crude prices retreated sharply from 2 1/2 year highs on speculation Libyan leader Muammar Gaddafi had been shot but other markets did not immediately react to the unsubstantiated rumors.The U.S.

government said it had no reason to believe Gaddafi is dead. There was no immediate indication of where the rumour had originated or any news report to substantiate it.Crude prices plummeted near the end of the session, with U.S. ( Read Gaddafi Shot more... )

Brent, US crude slip further on rumors Gaddafi shot

NEW YORK Feb 24 (Reuters) - Brent and U.S. crude oil futures fell sharply in post-settlement trading on Thursday in a sell-off sparked by rumors that Libyan leader Muammar Gaddafi had been shot.

In London, ICE Brent crude for April delivery LCOJ1 dropped to a post-settlement low of $109.60 after having rallied early to $119.79, the highest since August 2008. It settled earlier at $111.36, up 11 cents. ( Read Gaddafi Shot more... )

Libyan: Qaddafi forces shoot hospital patients

A resident of the increasingly violent Libyan capital of Tripoli told CBS Radio News Thursday that armed supporters of Muammar Qaddafi, the country's longtime leader, have stormed into hospitals to shoot wounded demonstrators and take dead bodies to an unknown location.

"They go in with guns into hospitals," said the resident, identified only as Adel to protect his safety. "They take the bodies that are dead. In some hospitals, they have shot the wounded. This is true. I know it's very strange for the States, but this is happening today in Tripoli." ( Read Gaddafi Shot more... )

Amidst Rumors That Gadhafi’s Been Shot, Swiss Freeze His Assets

While rumors that Libyan ruler Muammar Gadhafi had been shot surfaced, the Swiss Department of Foreign Affairs announced it would freeze any and all assets held by Gaddafi or his “environment” to avoid any “misuse of state funds.” ( Read Gaddafi Shot more... )

Libya: Gaddafi's billions to be seized by Britain

Ministers have identified billions of pounds that Col Muammar Gaddafi and the Libyan regime have deposited in London, The Daily Telegraph can disclose.

The funds are expected to be seized within days. The Treasury is understood to have set up a unit to trace Col Gaddafi's assets in Britain, which are thought to include billions of dollars in bank accounts, commercial property and a £10 million mansion in London.

In total, the Libyan regime is said to have around £20 billion in liquid assets, mostly in London. These are expected to be frozen as part of an international effort to force the dictator from power. A Whitehall source said: "The first priority is to get British nationals out of Libya. But then we are ready to move in on Gaddafi's assets, the work is under way. This is definitely on the radar at the highest levels." ( Read Gaddafi Shot more... )

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Courtesy : IB Times , Reuters , Huliq , The Telegraph , Babble , Michelle Malkin , Rocket News , All Mediany , Malaysia Sun , Reuters Africa , CBS News & Forbes