Oil field services giant Schlumberger (SLB - Get Report) predicted the rise in oil prices, according to TheStreet's founder and Action Alerts PLUS Portfolio Manager Jim Cramer.

Cramer points to commentary by CEO Paal Kibsgaard on recent quarterly earnings calls pointing to a balance of oil supply and demand.

For more on Cramer's oil outlook, see his Real Money column from Tuesday morning. 

 

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