Jim Cramer on What Donald Trump's Win Could Mean for Oil
A changing policy towards Iran could push oil price highers, says Jim Cramer.
The direction of oil prices might be influenced by new policies during the Trump Administration, according to TheStreet's Jim Cramer. Cramer noted that additional oil for the global market was slated to come from Iran. "Now Iran is an example where President Trump is on the exact opposite page of President Obama," explained Cramer. "So if you stop giving Iran money and you put sanctions back on Iran, they're not going to get to the five or six millions barrels that they want." Cramer says that would situation would drive oil prices higher.
