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Here’s Why Jim Cramer Thinks Oil Prices Are Headed to $50 a Barrel

June 9, 2023
in Trade Tube
Reading Time: 1 min read
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TheStreet’s Action Alerts PLUS Portfolio Manager Jim Cramer agreed with Goldman Sachs’ $50 price target on crude prices, but said the investment bank made some extreme predications on the commodity in recent months. ‘I do think oil can go to $50,’ Cramer said, adding that he expects oil production to drop over the next 12 months.

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