Nobody knows what to expect next. That's why the crude market is apprehensive.

The release of crude out of the Strategic Petroleum Reserve is not as critical as making sure that there is enough refined product supply and that there are refineries to process the crude.

The market is on edge; it's looking for directions. There's a lot of volatility now, which is characteristic of a tight supply situation.

What the market has found is that the $68-level has a rather strong resistance, and so the contract is now retreating slightly on profit taking.

The bin Laden tape has caused a knee-jerk reaction on the part of the market.

Very apprehensive, you just don't know what to expect.