Oil slips, stocks rebound after Japan quake

NEW YORK - Japan's massive earthquake

and devastating tsunami hit commodities prices on Friday, but
equity investors threw off their initial fears as they
reassessed damage to the world's third-largest economy.

Early in the session markets reeled as television images

revealed the destruction in Japan's north east after the
country's biggest earthquake on record left at least 1,000

But some viewed the market's reaction as having gone too

far too fast, and that a rebuilding of Japan could be good for
a wide range of markets.