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Cramer: Oil, a Mysterious Play
Here we go again with the oil jam up to take the market higher on a thin day. This process of taking the oils up on a day when oil is down huge is one of the great mysteries of all time, for a couple of reasons:
- How in heck can Chevron (CVX Quote), perhaps the most levered to crude of the majors, be up when oil is down, unless it is part of a larger buy program?
- How can Exxon (XOM Quote) have a 50% gain in less than seven weeks even though oil's down pretty much every week? This stock wants to break into the $80s.
- While we hear of colder weather coming, how can natural gas stocks rally huge on one of the worst skeins of natural gas pricing in a while?
Recent Comments
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,408.47 | 1,106.63 | 2,194.13 | 34.46 |
Oil *
76.76
|
|
UP
19.57
|
UP
0.65
|
DOWN
0.22
|
DOWN
0.37
|
10 Yr
3.45%
SPDR Gold
111.97
|
|
+0.19%
|
+0.06%
|
-0.01%
|
-1.06%
|
Data delayed 20 minutes |


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