LIBYA -- The stock market dropped for the second day in the row. Experts say it’s due to oil prices rising to over $100 per barrel.

Libya’s President, Moammar Khaddafy, is refusing to step down, causing mass protests and violent mobs.  Due to the unrest, ferries are trying to rescue Americans from Libya.  MSNBC reports that President Barack Obama is "reviewing various options" on American involvement in the outcry in the Middle East. 

The political unrest has forced Libya to cut oil production by 300,000 barrels. The turmoil in the oil-producing Arab nation is impacting prices at the pump in the United States, and is causing stock market numbers to plunge.

Here’s a look at some closing numbers:

DOW: -107.07 (12,105.78)

NASDAQ: -33.43 (2,722.99)

S&P500: -8.04 (1,307.40)