RE: WINDOW SHOPPING8 Nov 2018 22:35
U.S. oil prices are in a "ferocious" bear market, and crude could fall to as low as $40 per barrel, CNBC's Jim Cramer said Thursday.
"Oil is collapsing guys. It's collapsing," Cramer said on "Squawk on the Street." Asked if prices could fall to $50 per barrel, Cramer said, "I could make a case for the $40s here. I'm not kidding."
The "Mad Money" host did not provide a timeline for his case.