Cramer's High Oil Price Stock Plays

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Cramer said the rally, which saw the Dow up 178.83 points and Nasdaq up 53.80 points, had nothing to do with a strong retail sales report, but rather the strength in oil prices. "Oil is the umbrella that makes everything else work."

Cramer likened the day's rally to many similar ones in 2007, when oil prices rallied despite high oil inventories. Cramer noted higher oil prices affects many different stocks and sectors.

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