Jim Cramer: Goldman Sachs Made Extreme Calls on Oil Prices
Jim Cramer agrees with Goldman Sachs' $50 price target on crude prices, but said the investment bank made some extreme predications on the commodity in recent months.
TheStreet's Action Alerts PLUS Portfolio Manager Jim Cramer agreed with Goldman Sachs' (GS) - Get Report $50 price target on crude prices, but said the investment bank made some extreme predications on the commodity in recent months. 'I do think oil can go to $50,' Cramer said, adding that he expects oil production to drop over the next 12 months.
At the time of publication, Jim Cramer's charitable trust Action Alerts PLUS held no positions in stocks mentioned.
