Oil Just Plunged, And There's An Unfounded rumour Going Around That Qaddafi Was Shot

Update 3: Reuters says government officials have no reason to believe Qaddafi is dead.

Update 2: We’re giving this almost no credibility. But there’s this rumour based on nothing going around that Qaddafi was shot. But hey, even Reuters mentioned it.

Update: This might have something to do with it. Democrats have asked Obama to open the strategic petroleum reserve.

Original post: All kinds of weird stuff happening right now. Commodities generally are tanking.

Oil just got crushed and is now down on the day!

Check out what 12 hours in crude-ville looks like.

chart

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