Jim Cramer Breaks Down What Investors Need to Know About Oil, BP
Let's talk oil.
Jim Cramer is weighing in on oil and Real Money Stock of the Day BP Plc .
It's All About Oil?
The Dow dropped for the first time in eight days, in part due to 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.
Will You Feel the Pain at the Pump?
With all of the news around oil, one question has to be asked: will the average consumer feel the pain at the pump the next time that they stop by the gas station?
Cramer said, "not nearly as much as you think," when asked about it.
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