Jim Cramer: Oil Can go to $50 a Barrel
Jim Cramer says talk of an oil production freeze and increased demand from China could push oil higher.
Oil has surged to $40 a barrel based on talk of a production freeze and a pick-up in Chinese demand heading into this coming weekend's Doha meeting of energy producers. TheStreet's Jim Cramer said this opens the possibility for oil to move higher, but if it hits $50 then oil producers will sell futures to raise money.
At the time of publication, Jim Cramer's charitable trust Action Alerts PLUS held no positions in stocks mentioned.
