Oil prices have tumbled in recent months after skyrocketing earlier in the year on fears that Russia’s invasion of Ukraine could severely constrain global supply. Oil could bounce if the $80 per barrel floor of support shown in the chart holds, Jim Cramer said. Cramer added that if oil falls below $80, the next potential floor is at around $60 — and with the Federal Reserve gearing up to raise interest rates next week, it wouldn’t take much to push oil down even more.Read Long Article
