March5 OPEC decided to keep output unchanged at their meeting in Vienna. (EIA, Reuters)

March 13 On the New York Mercantile Exchange, WTI crude oil settled up 41 cents to a record $110.33 a barrel, the first time the near-month contract settled above $110 per barrel. (EIA, Reuters)

March27 Saboteurs blew up one of Iraq's two main oil export pipelines in southern Iraq, cutting about half a million barrels a day of oil exports, about a third of crude exports through Basra. Crude was trading up more than $1 at close to $107 a barrel after news of the attack. Iraq exported 1.54 million barrels per day from its main Basra oil terminal in February. (Reuters)