Dan Dicker, energy contributor at TheStreet, talks with Jim Cramer about the next move in oil prices. With stockpiles way above the 5 year average, storage running out and the Energy Information Agency (EIA) again increasing its estimates on US oil production for 2015, surpluses in supply are growing every week. In addition, the dollar looks like it will inevitably reach parity with the Euro because of accelerated bond buying by the ECB. A stronger dollar also adds pressure to the price of crude. While investors seem keen on buying oil stocks and fishing for a bottom, Dicker recommends waiting as he believes oil will again move towards its lows of $43 a barrel.
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