(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."
GS has been a strong participant in the rally, but has dipped recently.
ExxonMobil and Noble Energy announced plans to build their respective Permian Basin portfolio, buys that 'continue to move the needle,' says Cramer.
Oil producers are expected to ramp production in response to OPEC's recent production cut agreement, but the U.S. Department of Energy suspects this will stunt oil price increases through 2018.