source CNN
http://www.cnn.com/2011/WORLD/africa/03/04/libya.conflict/index.html?hpt=T1
"Indescribable" and deadly violence rippled through the Libyan city of Zawiya today, according to a witness who said peaceful protesters were gunned down
The eyewitness said battalions of forces loyal to Moammar Gadhafi attacked the protesters with mortars and machine guns as they were demonstrating in the city's Martyrs Square, and they assaulted an ambulance and killed people who fell wounded.
"Civilians were killed but we can not say how many. We buried nine people so far," the witness said. "The attack was indescribable. Direct gunfire was opened on people."
It is unclear who has control of the city.
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People in Zawiya, west of Tripoli, and "their public leadership have secured and took control over the city from the 'armed terrorist elements,'" state TV reported. Libyan government spokesman Majid al- Dursi told CNN that "Zawiya has been captured, Zawiya has been liberated."
However, the eyewitness said protesters have some control inside the city, even though security forces have been surrounding Zawiya.
At least 15 people died and 200 others were injured in the city, according to one doctor, who said "there is a river of blood" at the hospital where the wounded are being treated. He said "the situation is very bad," with the facility running out of medical supplies.
Quote from InvestVision:
for today OIL bulls out weight bears by wide margin.
I am surprised we did not see temporary retrace to 103 in last 3 hours
bull factors
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- weekend premium effect when OPEC member states are in trouble ( few wanted to hold shorts over week end , so less short holders by EOD )
- USD down , EURO up
- Gold UP ( indication of flee to safer investments )
- good job report with declining unemployment numbers ( more people drive )
bear factors
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- price ran up too high too fast