Connect with us

Hi, what are you looking for?

Jewish Business News

Money

Jim Cramer: Why Oil Should Be Higher

Jim-Cramer-illustration-640x360

With the top oil producing areas in turmoil: the Middle East, Russia and Venezuela, one would think oil would be higher. “It should be at $120, ” Jim Cramer said on CNBC. However, the price is in freefall. The news that Exxon has to delay its drilling plans in Nigeria because of Ebola should have sent oil prices up. Cramer says he predicts there may be a lot of long bets on oil by hedge funds, in spite of the price decline. Although domestic drilling might have caused the price to fall, with all of these geopolitical problems, the price doesn’t make much sense.

Click to comment

Newsletter

Advertisement

You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...

Entertainment

The Movie The Professional is what made Natalie Portman a Lolita.

VC, Investments

You may not become a millionaire, but there is a lot to learn from George Soros.

Travel

After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...

Advertisement