The Energy Report: Panic Attack

By: Phil Flynn

Published: Feb 21, 2012

Oil prices surged on what can be best described as a panic attack. Oil prices surged as reports that an attack on Iran may be imminent or if you prefer, on reports that Iran cut off oil supply to Europe. Either way it caused the market to price in some scary scenarios as European and Asian buyers continued their panic crude oil buying.

Yet with another deal with Greece and a voluntary forced bond-holder haircut on Greece bonds and the market is under some pressure.

Make sure you are getting the Power to Prosper and me every day! Tune into the Fox Business Network! Get a trading plan together with a free trial to my daily trade levels! Call me - Phil Flynn - at 800-935-6487 or email me at pflynn@pfgbest.com to get your trial and to open your account.