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Has Oil Bottomed?

Has oil bottomed? Jim Cramer and TheStreet's energy expert Dan Dicker talk energy in "oil's silly season."

Logic would tell you that oil prices are already too low, but it's practically impossible to "name the number" on a crude bottom. Instead, we can indicate the likely boundaries for crude to trade in for the next few months, and tell you which oil stocks can be traded.

The full scoop: http://buff.ly/1AsVHBG

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OIl prices have stuck their head over $50 a barrel after an almost straight down collapse since the summer of 2014. Jim Cramer asks Dan Dicker, energy contributor at TheStreet, whether we have seen the bottom in oil. Dicker believes that while a bottom is tough to call, that the fierce rally in oil has started to create some boundaries on oil prices going forward for the next several months. Dicker now believes that the more wild predictions of $25 or $30 oil are very unlikely, but he also believes that several pressures remain on the oil price and $60 a barrel prices are also unlikely to be seen for at least the next several months. Inside of those boundaries, however, Dicker sees some room to trade now. He has been using E+P stocks, including Cimarex and Anadarko.

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Has oil bottomed? Jim Cramer and TheStreet's energy expert Dan Dicker talk energy in "oil's silly season." Logic would tell you that oil prices are already too low, but it's practically impossible to "name the number" on a crude bottom. Instead, we can indicate the likely boundaries for crude to trade in for the next few months, and tell you which oil stocks can be traded. The full scoop: http://buff.ly/1AsVHBG --- OIl prices have stuck their head over $50 a barrel after an almost straight down collapse since the summer of 2014. Jim Cramer asks Dan Dicker, energy contributor at TheStreet, whether we have seen the bottom in oil. Dicker believes that while a bottom is tough to call, that the fierce rally in oil has started to create some boundaries on oil prices going forward for the next several months. Dicker now believes that the more wild predictions of $25 or $30 oil are very unlikely, but he also believes that several pressures remain on the oil price and $60 a barrel prices are also unlikely to be seen for at least the next several months. Inside of those boundaries, however, Dicker sees some room to trade now. He has been using E+P stocks, including Cimarex and Anadarko.

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