War, disaster jolt oil markets

by Sam Fletcher, Senior WriterLike some Biblical curse, war and natural disaster rode roughshod over world oil markets in late March as the North Atlantic Treaty Organization enforced a no-fly zone in Libya while Japan struggled to regain control of its nuclear power plants and economy damaged by a massive earthquake and tsunami.The United Nations approved limited intervention as Libyan leader Moammar Gadhafi seemed poised to eliminate Libyans trying to oust him. The front-month crude price slipped 0.4% Mar. 18 in New York market only to jump 1.9% in early trading Mar. 21 after Gadhafi broke his brief ceasefire, prompting reprisal airstrikes.The head of Libya's National Oil Corp. threaten...

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