Jim Cramer Is Not A Buyer Of Petroleo Brasileiro Petrobras

Jim Cramer spoke on CNBC's Mad Money about the weakness in crude oil. He blamed oversupply in the U.S. and the lack of demand in the rest of the world for the downturn and he said that the situation is not going to get better any time soon. In a telephone conversation with a viewer who bought Petroleo Brasileiro Petrobras SA (ADR) PBR at $14, Cramer said that he can't recommend the stock as a buy. He expects the stock to trade lower because it has Brazil and crude oil going against it.