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NYSE Trader: I Think Oil Is Fairly Priced

At roughly $70 a barrel, NYSE trader Kenny Polcari, a managing director at O'Neil Securities, thinks oil is "fairly priced."
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At roughly $70 a barrel, NYSE trader Kenny Polcari, a managing director at O'Neil Securities, thinks oil is "fairly priced."

Oil field services company Schlumberger (SLB) - Get Schlumberger NV Report released quarterly earnings Friday and saw a 43% rise in revenue for its North America segment. 

Schlumberger is a holding of Jim Cramer's charitable trust Action Alerts PLUS.

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