Yes, I say this is negative for oil, too. I think oil reached new highs of 113 recently mainly because of reticency of NATO in Libya.Quote from InvestVision:
2/ I am trying to follow Libya after a week , it seems French/UK determined to send gaddafi out , recent NATO attack on gaddafi armed trucks shows NATO is not afraid of working ( behind the screens ) with Rebels in stopping gaddafi forces ..
-- this Germany meeting also favoring Rebels , which favors BEAR side on OIL ..