Cramer & Dicker: Oil Prices Drop Under $100 on Weak China Data
Despite oil prices retreating due to data showing slowing Chinese manufacturing and easing Ukraine tensions, Dan Dicker still sees opportunity in U.S. oil companies.
Oil prices retreated on Tuesday and into Wednesday due to data showing slowing Chinese manufacturing and easing Ukraine tensions. Despite this, RealMoney contributor Dan Dicker tells Jim Cramer he still sees opportunity in U.S. oil companies. Dicker says oil will remain around $100 a barrel or higher, making companies producing in the Eagle Ford Shale play in East Texas particularly profitable. In that play likes EOG Resources (EOG) and Halcon Resources (HK).
At the time of publication, Cramer was long ___.
