By Dian L. Chu Crude oil market has been on a wild roller coaster ride ever since riots started escalating in Egypt and Libya. The latest Libyan supply disruptions sent WTI futures surging above $103 a barrel in New York on Thursday, Feb. 24, while Brent oil in Europe was also closing in on $120 a barrel. However, both oil markers retreated mostly due to traders scrambling to reposition when NYMEX and ICE boosted margin requirements on oil futures as crude traded above $100 a barrel. Furthermore, the news that Saudi officials are in talks to supply refineries with…
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