TheStreet’s Action Alerts PLUS Portfolio Manager Jim Cramer likes oil field services company Schlumberger . This is the oil stock owned by his charitable trust, Action Alerts PLUS. He likes Schlumberger over petroleum service company Tidewater . On Thursday, oil prices crossed $50 a barrel for the first time in seven months, a development Cramer said is positive for the beleaguered American oil industry. Oil markets are looking ahead to next week’s OPEC meeting, which may bring additional volatility.
Subscribe to TheStreetTV on YouTube:
For more content from TheStreet visit:
Check out all our videos:
Follow TheStreet on Twitter:
Like TheStreet on Facebook:
Follow TheStreet on LinkedIn:
Follow TheStreet on Google+:
source
