(Oil prices article updated with additional analyst commentary.)
NEW YORK ( TheStreet) -- Oil prices bounced back Thursday as markets reacted to further progress on Europe's debt crisis -- a move that oil traders described as "naïve."
The report may be a breath of fresh air for traders of the commodity after OPEC member nation Saudi Arabia said it increased production in February from the prior month.
Cramer shares his views on the cyclical nature of selling crude, and also discusses how worrisome and catastrophic are not the same.
EOG Resources is positioned to soar, as the wobbly energy market straightens out in the coming months.