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'Oil is a perma short,' says Jim Cramer

Jim Cramer on CNBC's Halftime Report.
Scott Mlyn | CNBC

(This story is for CNBC PRO subscribers only.)

As oil prices falter, Jim Cramer believes there's no compelling reason for investors to jump into the sector. "I think that oil is a perma short," the "Mad Money" host said Wednesday.  

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