Libyan Rebels Are Losing Ground, And Now Oil Is Above $106

Per Al-Jazeera, the momentum that Libyan leader Muammar Qaddafi picked up on Friday continues to today:

Forces loyal to Gaddafi haveĀ attacked several rebel-held cities along the country’s coastline in a bid to halt the anti-government forces’ rapid advance to the capital Tripoli. Dozens have died in a dramatic escalationĀ of the conflict gripping the oil-rich North African nation.

“For a few days the rebels were making gains, but overnight it would appear that pro-Gaddafi forces took some ground,” Al Jazeera’s Jacky Rowland, reporting from Brega, said on Monday morning.

Oil (WTI) is above $106 now.


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