ransacking, looting, the punishment is execution. >> well, the surge and unrest in libya is sending shock waves through the oil markets. nymex crude surging more than 2.6%. $96 up 2.66%. also a close indicator of how markets indicator is called the fear index. it's actually known as the vix. it jumped on tuesday. as we were told, the markets right now are fragile. >> reporter: the vix index is a nerve, a fear index, a nervous index. so clearly what it's telling you is there's a lot of nervousness. i t the fact is there's always been a lot of nervousness but people have been waiting.