Crude Oil Markets Plunge Following Rumors Of Gaddafi Being Shot
Feb 25, 2011 15:32
For the many people who want this Libyan dictator dead, there are others who are worried about the repercussions of his demise.
A news report leaked that Gaddafi may have been shot by one of his bodyguards. The rumour emerged amid other claims that "the mad dog of the middle eat" was preparing for a blood-soaked final stand in Tripoli. Thousands of hired fighters were reportedly massing on roads from the capital to join army units battling the uprising which had spread to within 30 miles of the dictator's stronghold. More from the Daily Mail:
CNBC reported the rumour this afternoon, claiming it is partially responsible for driving oil prices back down to $97 a barrel.
Oil had hit a high of $120 a barrel late this afternoon, but settled at $97 on the rumour and on Saudi Arabia's claim that it can counter any supply disruptions from Libya.
However, A U.S. official says there's no reason to believe Gaddafi is dead since there is no information on where the rumour came from and no news reports substantiating it. Reuters was also reporting the rumour as for now is unconfirmed.
This news also comes after it was reported that influential Muslim cleric Yusuf al-Qaradawi issued a fatwa on Monday that any Libyan soldier who can shoot and kill embattled leader Muammar Gaddafi should do so "to rid Libya of him".
"Whoever in the Libyan army is able to shoot a bullet at Mr Gaddafi should do so," Qaradawi, an Egyptian-born cleric who is usually based in Qatar, told Al Jazeera television.
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