Jim Cramer Says Oil Prices Have Topped: 5 Other Signs This Could Mean A Oil Run
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CNBNC’s Jimothy ‘Reverse’ Cramer, just said that oil prices have reached their peak and if I’ve learned anything about finance it’s that ‘Cramer is always wrong’ is a running joke in these parts.
Here’s the full quote from his Tweet (X): “The stock of Chevron which has led the futures the whole way saw a reversal today that would indicate a momentary top out in oil.. just saying, the stock’s been ahead and it’s been right”
Sure whatever.
Look, while most experts are drawing parallels between what’s happening now and energy crash of 2008, Jim Cramer is drawing with crayons.
Because other experts are saying the opposite. Other experts are saying that if the Iran war keeps going (which it probably will) then oil could easily reach $200 a barrel.
Oh, wait, I’m supposed to be doing a top five list of reasons why the oil price will go up, lemme do that:
5. The war in Iran
4. The war in Iran
3. The war in Iran
2. The war in Iran
1. The war in Iran
Is that clear enough for you JIM?
For more Cramer news click here: fnwaibrhelabgryilaebuiflbraeilbgreilafrilewafui.
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