Moammar Gadhafi's put up scattered, last-ditch resistance in Tripoli Monday after rebels swept into the heart of the Libyan capital, cheered on by crowds hailing the end of his 42-year rule.
U.S. crude oil futures rose more than $1 a barrel on Monday as the dollar eased against a basket of currencies and as stock markets rose on hopes for a swift end to the conflict in Libya.
The implosion of Libyan leader Muammar Gaddafi's 41-year-old rule will put a new spring in the step of the Arab revolutions and demonstrate once again that these entrenched autocratic governments are not invincible.
Brent crude dropped more than $3 on Monday to below $106 a barrel, while U.S. oil fell more than a dollar to below $82, on the potential for a resumption of exports from OPEC-member Libya as a six-month civil war there appeared close to an end.
Brent crude dropped more than $3 on Monday to below $106 a barrel, while U.S. oil fell more than a dollar to below $82, on the potential for a resumption of exports from OPEC-member Libya as a six-month civil war there appeared close to an end.
Libyan government tanks shelled parts of central Tripoli Monday after rebels swept into the heart of the city and crowds took to the streets to celebrate the expected downfall of Muammar Gaddafi.
European stocks extended four weeks of losses on Monday, tracking jittery Asian shares lower, while gold shot to new highs as investors worried about the sluggish U.S. economic outlook and Europe's festering debt crisis.
As rebel fighters reached Green Square in heart of Tripoli in the early hours on Monday, speculations ran high that dictator Moammar Gadhafi had fled the capital.
Even as Libyan dictator Moammar Gadhafi's grip on the country was slipping fast with rebels making headway into the center of Tripoli and international pressure on the four-decade ruler to step down reached its zenith, there are reports that Gadhafi's son Seif Al-Islam has been captured by the rebels while another son, Mohammed, has surrendered.
Rebel fighters swept into the heart of Tripoli Sunday night and crowds took to the streets to celebrate the impending fall of Muammar Gaddafi, but the dictator's loyalists were reported fighting back as dawn broke Monday.
European stocks looked set to extend four weeks of losses Monday, tracking jittery Asian shares lower, while gold shot to new highs as investors worried about the sluggish U.S. economic outlook and Europe's festering debt crisis.
European stocks looked set to extend four weeks of losses on Monday, tracking jittery Asian shares lower, while gold shot to new highs as investors worried about the sluggish U.S. economic outlook and Europe's festering debt crisis.
Brent crude dropped by more than $2 on Monday to around $106 a barrel on the potential for a resumption of exports from OPEC member Libya as a six-month civil war there appeared close to an end.
Jittery Asian stocks surrendered early gains and turned lower on Monday, adding to last week's steep losses, while gold shot to new highs as investors worried about the sluggish U.S. economic outlook and Europe's festering debt crisis.
Asian stocks turned positive on Monday, recovering a small portion of last week's steep losses, while gold shot to new highs as investors worried about the sluggish U.S. economic outlook and Europe's debt crisis.
Asian stocks turned positive on Monday, recovering a small portion of last week's steep losses, while gold shot to new highs as investors worried about the sluggish U.S. economic outlook and Europe's debt crisis.
Jubilant rebel fighters swept into the heart of Tripoli Sunday night as Muammar Gaddafi's forces collapsed and crowds took to the streets to celebrate the apparent downfall of his 42-year rule.
The International Criminal Court prosecutor said on Sunday Saif al-Islam, the son of Libya's Muammar Gaddafi, had been detained in Libya.
Rebel fighters streamed into Tripoli as Muammar Gadhafi's forces collapsed and crowds took to the streets to celebrate, tearing down posters of the Libyan leader.
Explosions and gunfire rang out in Tripoli after dawn as opponents of Muammar Gaddafi rose up in the capital, declaring a final push to topple the Libyan leader after a six-month war reached the city's outskirts.
Libyan Leader Muammar Gaddafi has blamed rebel forces in the country for the recent uprising as the people celebrate the month of Ramadan.
China's buying of West African crude oil is set to rise about 15 percent in September from August, trade sources said on Friday, but overall Asian imports from West Africa will fall due to slower Indian demand.
