TheStreet's Energy Contributor Dan Dicker says the bad news will continue for U.S. refiners and refining stocks which have benefited from a very wide discount of U.S. crude grades. As WTI crude continues to approach the higher global price, look for continued pressure on the refinery stocks and don’t try to pick a bottom, said Dicker. The increasing prices for domestic crude will help US Exploration and Production companies. Dicker speaks with TheStreet's Action Alerts PLUS co-portfolio manager Jim Cramer about the continued shrinking in the price difference between West Texas Intermediate crude and the Brent crude global benchmark.

undefined

More from Video

Stock Market Just Took Another Beating -- Here's What You Need to Know

Stock Market Just Took Another Beating -- Here's What You Need to Know

Video: What Oprah's Content Partnership With Apple Means for the Rest of Tech

Video: What Oprah's Content Partnership With Apple Means for the Rest of Tech

Intel CEO Out After Past Relationship With Staffer - Why Stock Is Now in Play

Intel CEO Out After Past Relationship With Staffer - Why Stock Is Now in Play

Jim Cramer: Williams Sonoma Is a Digitized Play

Jim Cramer: Williams Sonoma Is a Digitized Play

This Is What's Hot Thursday - Stocks Slide, Intel's CEO Woes & Major Movers

This Is What's Hot Thursday - Stocks Slide, Intel's CEO Woes & Major Movers