Jim Cramer says he could see ‘9 or 10’ oil companies going bankrupt if crude declines persist

Oil pumpjacks in the Permian Basin oil field are getting to work as crude oil prices gain.

Spencer Platt | Getty Images

CNBC’s Jim Cramer said Monday he could see the oil industry experiencing a significant wave of bankruptcies if low crude prices persist. 

Of the more than 35 companies in the oil industry he follows, Cramer said, “I think fully maybe 9 or 10 can go.” 

Cramer’s remarks…

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