Will He Stay or Will he Go.
Will he stay or will he go? No not Papandreou, he was so over the weekend. No, the question is all about Italian Prime Minister Silvio Berlusconi. While Greece has a new coalition government in place, the focus now is on Italy and whether Italian Prime Minister Silvio Berlusconi will resign and open up the gridlock that has slowed the reforms that are needed to keep Italy from becoming more like Greece. The markets have a lack of confidence in Berlusconi after many broken promises on reform and rallied on the prospect that Berlusconi was gone. For oil it is headline to headline.
We will be looking to play ranges!
Phil Flynn is senior energy analyst for PFGBest Research and a Fox Business Network contributor. He can be reached at (800) 935-6487 or at pflynn@pfgbest.com.
