Forty-seven percent of the refinery activity in the U.S. is in the Gulf. That was bolstering the price of unleaded gasoline and home-heating oil, and pulling up crude prices with it.

The market is focusing on the word 'cut' but OPEC is absolutely right to be worried about the second quarter.

The issue of the right price is still unresolved. What's the right price? They are not really sure yet. The fundamentals in the market are being obscured by fear.

Inventory levels were used much more than expected. Those were much larger stock draws than we had anticipated.

We've asked the city to comply with the state law and provide MRI with this 180-day procedure and because they have not, we have filed this suit on behalf of MRI.