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Jim Cramer: How Investors Should Approach Oil Right Now

Video Credit: The Street - Duration: 01:46s - Published < > Embed
Jim Cramer: How Investors Should Approach Oil Right Now

Jim Cramer: How Investors Should Approach Oil Right Now

Let's dive in... The Dow dropped for the first time in eight days following an attack on two key Saudi Arabian oil facilities.

Oil prices surged the most since the 1991 Gulf War in early trading, before paring gains to between $5 and $6 a barrel, after drone attacks on the Abqaiq and Khurais crude facilities in Saudi Arabia, which caused massive fires and shuttered nearly 5% of global production.

"Our producers will clean up and so will our refiners, but you need to be very dexterous if you want to make money on that trade, and it is a trade," wrote Cramer in his Real Money column, which focuses on oil.

Premium Pick: Jim Cramer: Here Are the Real Winners and Losers From the Saudi Oil Attacks Action Alerts PLUS peek: Jim Cramer: Buy Burlington Stores Stock When the U.S.-China Trade War Gets Ugly Trading Strategies: A Lookahead to the Fed, Stocks to Watch and CVS Subscribe to our Youtube Channel for more videos : Listen our latest Podcasts on Soundcloud Catch Up: Today's Top News Videos Below

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