Cramer predicts oil prices as low as $40 a barrel as US crude falls into bear market

  • 📰 CNBC
  • ⏱ Reading Time:
  • 1 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 4%
  • Publisher: 72%

United Kingdom News News

United Kingdom United Kingdom Latest News,United Kingdom United Kingdom Headlines

U.S. oil prices are in a 'ferocious' bear market, and crude could fall to as low as $40 per barrel, Jim Cramer predicts.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in UK
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

TheMarketStorm You mean back to where it was under Obama? After 2 years of needless financial strain?

Jim Cramer. Can you get put options on the Philadelphia Eagles?

If is short it is time to go long on 10X leverage.

The best contrarias indicator. The chief Clown

Frank_W_D buy buy buy buy!!!

When will the refineries comeback on line. Inventories will go down at that point and prices will be supported

Waiting for the constantly CAPEX-consuming US shale to cry uncle or new political anomalies to take place in the ME or some other major oil exporter

that means go long BUD

And there's the bottom. Thanks Jim.

What a re-tard (said like in Hang Over). If Cramer was a pro he’d have import/export data that hasn’t arrived yet. Trend on inventories is rocket down for US mid Nov. KSA shoved oil into US for midterms now it’s shoving it into Asia. Also JTTC meets Sunday for a cut.

Knows nothing about fossil fuel market. Nothing

Demand is in the mid $50s

Cramer has always been wrong on oil! Look at his trades on APC, SLB, XEC, APA, BP, MMP, ETP, Im sure there are more!

Set a new league goal-scoring record✅ Star on the international stage✅ Set up an academy in the community✅ And Nikita Parris has done it all before the age of 25! Read👉

Why do you quote this guy who failed to recognise the last stock market catastrophe until it was over?

If it dips below $61 anything can happen. WTI below I short again. Has to hold

But why has prices just down a penny or two WTF

outstanding, hope speculators lose their shirts. Now, that's what I call a rebate for the National Economy, actual real tangible money in the form of savings from daily fuel expenditures. People can actually bank this, instead of the normal DC BS. Will Trump say he planned it?

Nysedaytraders Buy oil both hand moment

Because demand is weak. Global economic slowdown indicator realDonaldTrump

he is right , the mouthly double top was confirmed and the target is on $41.5

Why is gas so high?

Nysedaytraders He called 42 last summer. Crude inventories are all that matters now.

Since I missed the way up, maybe this is my chance to ride the wave down.

WHEN WILL EDUCATED WORLD START REDUCING CONSUMPTION OF PETROLEUM & PETROCHEMICALS?

Bullish. Thx Jim.

Gasoline prices went up with Trump, coming back down as we go back to democrats.

Nysedaytraders He must be short on crude and now the dump people that follow him are gonna sell lol

Good,

Good! Maybe now I can afford gas!

At last the bottom for WTI may be within sight.

But California will still charge us 50% more than other states Y is it that we pay almost $4gallon but in Nevada it's closer to $3 even after shipping costs

Great time to increase extra funds for consumers to be redirected to holiday spending.

fantastic than!

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Cramer: 'I have tremendous contempt for this market' — it's a bear market not a correctionPeople don't want to call it a bear market. But what do they need?' Cramer asks, rhetorically. MadMoneyOnCNBC It's time for Trump and the enabling GOP to start that trickle down flowing. MadMoneyOnCNBC Elect Trump and GOP in both chambers and the economy & market soars... elect Democrats in 2018 in House to prevent any further Capitalism, and market goes down... 🤔 sorry for the common sense logic....
Source: CNBC - 🏆 12. / 72 Read more »

Here are the stocks that would get the biggest boost if US and China near a trade deal: CramerJim Cramer highlights the stocks he thinks will rally if U.S.-China trade talks prove successful. Whoa!!! CNBC reporting on financial news and not salaciousness!?!? First time long time!! $MU
Source: CNBC - 🏆 12. / 72 Read more »

Cramer: The strong US dollar hurts companies like Apple more than you thinkJim Cramer shares explains U.S. companies' currency problem and how it's affecting giants like Apple. Silly me thinking that it was hurt by people finding out that their ridiculously expensive devices actually self destroyed their own batteries on purpose... jairbolsonaro Well, I think that will be a worry going forward! The Fed just took care of that!
Source: CNBC - 🏆 12. / 72 Read more »