Dan Dicker, Energy contributor at TheStreet.com, talks with Brittany Umar about oil prices that continue to fall, now dropping below their interim lows of $43 set in January. Citibank called for a target low of $20 a barrel and Dicker believes that these targets are as unlikely as the quick turnaround for prices that were predicted only a few weeks ago. While other sectors in the stock market have done well in 2015, oil stocks continue to swoon. Dicker believes the time is approaching when a sector swap is worth considering, as oil prices, as depressed as they are, cannot last below $60 for more than a few quarters.
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