|Day Low/High||104.19 / 106.31|
|52 Wk Low/High||75.11 / 105.63|
A drop early in the week could lead to a short-lived rally around Easter time.
The current put/call ratio indicates complacency is creeping back into the market.
The May contract for light sweet crude gains 63 cents to $62.91 a barrel.
The price of crude normally determines the prices of gas and distillates, but not lately.
Nearby contracts for light, sweet crude add $2.96 to settle at $56.97 a barrel.
Concerns about more rebel attacks in Nigeria and a bomb threat against a BP refinery in the U.S. spur crude futures.
The Energy Secretary says BP's Prudhoe Bay doesn't need a total shut down.
Cramer says that McDermott, which is an infrastructure stock, is wrongly believed to be tied to Fed rates.
The best speculators know you need different hunting methods for a changing market.
Fat profit margins look durable as gasoline demand surges.
The oil refiner puts its first-quarter earnings below analysts' forecast due to higher crude prices.
Don't give up on this fourth-quarter story, Cramer says.
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