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Oil prices on world markets fell as low as $105 a barrel, as prices dropped by $3-$5 from their Friday levels on the news of Libyan leader Colonel Gaddafi's expected downfall, Rzeczpospolita reported.

According to analysts, oil prices would drop considerably if a strong post-Gaddafi plan for the reconstruction of the Libyan oil industry is rolled out, as increased supply would inevitably push down prices.

But Jakub Bogucki, an analyst at e-petrol, said that due to uncertainty on world markets and a lack of knowledge concerning how long it will take Libya to rebuild its oil sector, Polish industry and car drivers shouldn't expect lower prices just yet.

In Libya, rebel troops continued their assault on the country's capital, Tripoli, overnight on Monday, but Mr Gaddafi's son, Saif al-Islam, told his supporters that government-backed troops were winning the fight and had “broken the backbone of the rebels,” reported the BBC.

Poland A.M.