After summarizing the latest movements in the price of oil, Dan Dicker, Energy contributor at TheStreet, predicts that the recent rise in oil prices will be bounded in the near term. In an interview with Jim Cramer, Dicker notes that commercial selling in the futures markets and strong bank credit redeterminations in the month of October has helped to deliver more time to flailing U.S. shale oil exploration and production companies. Finally, Cramer puts Dicker on the spot to give quick opinions on several oil companies ‘lightning round’ – style. Included in this quick take are Exxon Mobil (XOM), Chevron (CVX), Shell (RDS.A), Cimarex (XEC), EOG Resources (EOG) and more.
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