CNBC Investing Club: Cramer’s Morning Take on WTI Crude 3/16/26

SPEAKER_1 (0:00)

Trading at Schwab is powered by Ameritrade, giving you even more specialized support than ever before. Like access to the Trade Desk, our team of passionate traders ready to tackle anything from the most complex trading questions to a simple strategy gut check. Need assistance? No problem. Get 24-7 professional answers and live help and access support by phone, email and in-platform chat. That's how Schwab is here for you, to help you trade brilliantly. Learn more at schwab.com/trading. Oh, could this vintage store be any cuter?

SPEAKER_2 (0:31)

Right?

Jeff Marks (0:31)

And the best part? They accept Discover.

SPEAKER_2 (0:33)

Accept Discover? In a little place like this? I don't think so, Jennifer. Oh, yeah, huh. Discover is accepted where I like to shop.

SPEAKER_1 (0:41)

Come on, baby. Get with the times. Right.

SPEAKER_2 (0:44)

So we shouldn't get the parachute pants?

Jeff Marks (0:47)

These are making a comeback. I think.

Jim Cramer (0:51)

Discover is accepted at 99% of places that take credit cards nationwide.

SPEAKER_2 (0:55)

Based on the February 2025 Nielsen Report.

Jim Cramer (1:00)

Jim Cramer here to share a short preview of my take on the market from today's members-only CNBC Investing Club morning meeting. Join the club for full access to the morning meeting every day at 10:20 a.m. Visit cnbc.com/morningtake to sign up today. That's one word, morning take.

Jeff Marks (1:21)

Jim, we have oil finally down. Trading below 84, 94, excuse me, WTI. And it's leading to a nice rebound in the markets.

Jim Cramer (1:34)

What we're seeing today, Jeff, is pretty clear. If oil just goes up and up and up, if we were at 115, we'd be down a lot today. If it was at 120, we would have another down 2% day. The fact that oil can go down is making people feel like, you know, we better start doing some buying. There's a little sense that maybe this is like a Liberation Day plus one. I don't know whether that's the case. I do know that if we're letting Iranian oil through, it looks like that we're trying to set a precedent that we won't bomb your oil facilities, stop bombing ours. And that causes oil to go down because what it says is maybe there's gonna be a couple million barrels a day coming through the street. You know what? That is gonna make people feel like, well, you know, things are a little better. And I tried very hard this weekend, Jeff, to be able to say that private credit woes are overblown. So if you have oil down, you have private credit woes maybe overblown, you have to buy.

Jeff Marks (2:28)

Yes, I think you pointed out, it's more of a liquidity issue in private credit than a credit issue. But yes, back to oil. I thought Treasury Secretary Scott Besson's comments on CNBC, I think it added some calmness to the oil markets. And he mentioned tankers getting through. The president's calling on other countries to form a coalition to get tankers through the straits. So of course, if oil were to spike higher later today, we could see some pressure in the markets. But with the oscillator after last Friday becoming increasingly oversold, minus 7.87 percent, you don't see that too often. We did put some money to work today, bought a little bit of Boeing and added to Goldman Sachs.

SPEAKER_2 (3:19)

All opinions expressed by Jim Cramer on this podcast and in connection with the CNBC Investing Club are solely Cramer's opinions and do not reflect the opinions of CNBC or its parent company or affiliates, and may have been previously disseminated by Cramer on television, radio, internet or another medium. No specific outcome or profit is guaranteed in connection with your reliance upon or other use of the content from Cramer. The opinions offered in connection with this podcast and the CNBC Investing Club are not an attempt to induce any particular trading behavior, investment or strategy. To view the full CNBC Investing Club disclaimer, please visit cnbc.com/investingclubdisclaimer.

SPEAKER_1 (3:51)

Trading at Schwab is powered by Ameritrade, giving you even more specialized support than ever before. Like access to the trade desk. Our team of passionate traders ready to tackle anything from the most complex trading questions to a simple strategy gut check. Need assistance? No problem. Get 24-7 professional answers and live help and access support by phone, email and in-platform chat. That's how Schwab is here for you, to help you trade brilliantly. Learn more at schwab.com/trading.