This Is What Needs to Happen for Oil to Rally, Jim Cramer Explains
What's next for oil prices?
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
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