Gaddafi vowed he would die a martyr in one of his last statements.
Oil prices dropped on the news.
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Traders said oil prices fell by more than $2 a barrel in late Thursday activity on rumors Libyan leader Muammar Gaddafi had been shot. There was no immediate indication of where the rumor had originated or any news report to substantiate it.
More… The Swiss just froze his assets.
UPDATE: The U.S. government says it has no reason to believe that Libyan leader Colonel Muammar Gaddafi is dead.
UPDATE: Colonel Gaddafi has ringed the capital with his best and most loyal forces, and they are unlikely to relinquish it without a mighty battle. It’s too difficult at this point to know if the rumor is true or not. The Muslim Brotherhood issued a fatwa against Gaddafi earlier this week.