War, disaster jolt oil markets

03/28/2011
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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