With the Syria situation still up in the air, the sloshing in oil will persist.
We have seen a $4 range in the Tuesday morning session, as oil continues to be ubersensitive to the Syrian news that drips out every few hours.
President Barack Obama has required congressional authorization in order to proceed with an attack, and that has certainly increased the volatility in the market, as it has added another catalyst to an already unsteady situation. Indeed, there is still little clarity regarding what the regional or global response would be to a limited U.S. attack, or a "slap on the wrist."
(Read more: As Syria boils, Obama looks to Congress for next steps)
