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This Is What Needs to Happen for Oil to Rally, Jim Cramer Explains

May 20, 2023
in Trade Tube
Reading Time: 1 min read
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Here is what needs to happen in order for oil prices to rally, according to TheStreet’s Action Alerts PLUS Portfolio Manager Jim Cramer:

A dramatic decline in oil inventories
A falling Baker Hughs BHI rig count
Some event that takes Libya or Nigeria offline in terms of oil production

source

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