How Jim Cramer's Team Is Approaching Oil

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How is oil doing?

Brent crude, the global benchmark, traded above $70 a barrel for the first time since January 2020 after Saudi Arabia said its oil infrastructure came under missile and drone attack from Iran-backed Houthi rebels. Saudi Arabia said the attacks were intercepted and oil output appeared to be unaffected, according to reports from Bloomberg and others, reported TheStreet's Joseph Woelfel. 

Jeff Marks, senior portfolio analyst with Jim Cramer's Action Alerts PLUS, weighs in on oil.

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