NEW YORK (CNNMoney) -- Oil stocks were front and center Monday, after news that Moammar Gadhafi's regime in Libya was on the brink of toppling.
Libya is among the major oil players and the resumption of the country's oil production is expected to put downward pressure on crude oil prices. Brent crude -- the European benchmark -- is down about 1% but U.S. crude has gained some 2% Monday.
Experts estimate that it might take up to three years for Libya to go back to its 1.6 million barrels per day production.
Shares of major oil producers including Exxon Mobil (Fortune 500), Halliburton ( , Fortune 500), Chevron ( , Fortune 500) and BP ( ) rose modestly, but gains were capped by fears about the global recovery.,
Meanwhile, coal stocks continue to lose ground, reflecting the expected slowdown in Asian economies, most of which run on coal. The Market Vector Coal ETF () is down almost 20% for the year.
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|Overnight Avg Rate||Latest||Change||Last Week|
|30 yr fixed||3.69%||3.76%|
|15 yr fixed||2.80%||2.82%|
|30 yr refi||3.69%||3.76%|
|15 yr refi||2.83%||2.83%|
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