How can you make money on the recent jump in oil prices? Pavel Molchanov, associate analyst with Raymond James, joined CNBC's Erin Burnett on "Street Signs" with three oil plays. Molchanov does not believe that this is a brief spike: “We’re believing that long-term we will see higher highs in oil.”
Molchanov’s first pick was Occidental Petrol. “They are a classic blue chip with key Middle Eastern assets,” he said. His price target is $67, up 30%.