January 18, 2022 – The Street
Cramer's Mad Money Recap 1/18: Microsoft, Activision Blizzard, Goldman Sachs
By: Scott Rutt
The Outlook for Oil
What's going on with the price of oil? Cramer checked in with his go-to oracle on all things oil, Rusty Braziel, founder and executive chairman of RBN Energy.
Braziel noted that crude prices are now at their highest levels since 2014, amid political tensions in Ukraine and refinery attacks in the Middle East. The momentum pushing toward $100-a-barrel oil is growing, Braziel said, making it likely we will hit that benchmark. Now it's only a question of when and for how long.
That means it's "party time" for oil producers here in the U.S., Braziel said, especially in areas like the Permian Basin where breakeven levels hover around $30 to $40 a barrel.
Read the full article here: https://www.thestreet.com/jim-cramer/cramers-mad-money-recap-jan-18-2022
