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OPEC Meeting and Inventory Data May Keep a Bid in Energy, says Jim Cramer

May 24, 2023
in Trade Tube
Reading Time: 1 min read
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Oil stocks have performed well as oil prices climb, and Jim Cramer is watching some key events in the energy space this week. OPEC members hold an informal meeting on Wednesday, and then on Thursday, the Energy Information Administration will release its crude oil inventory number. Cramer says because of a planned change in the data series, crude inventories will come in much lower. Crude oil prices hit a one year high on Monday before pulling back Tuesday on concerns about the OPEC meeting.

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