Libyan rebels broke into Muammar Gaddafi’s heavily fortified compound today, but so far there’s no word on the whereabouts of the Colonel himself.

Meanwhile, the price of oil is climbing.

Oil advanced for a second day amid signs that a recovery in Libyan crude production may take longer than expected. Output from Libya, which has the largest proven oil reserves of any African country, dropped to 100,000 barrels a day in July, down from the 1.6 million barrels pumped before the uprising started.

Crude for October delivery climbed as much as $1.64 to $86.06 a barrel in electronic trading on the New York Mercantile Exchange, and was at $85.62 at 1:19 p.m. London time. It gained 2.4 percent yesterday.