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Published on Sep 19, 2016
TheStreet's
Action Alerts PLUS Portfolio Manager Jim Cramer said Saudi Arabia is
worried about the U.S. gaining market share in the oil market. 'As oil
goes down to the lower $40s, you will hear Venezuela, Russia or Saudi
Arabia say there's going to be a [production freeze] deal,' Cramer said.
'They all need oil higher - Saudi Arabia needs the money.'
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