What Cramer is watching Tuesday — oil outlook, Pinterest and Uber soar, Caterpillar stumbles
Working pumpjacks are seen in the Montebello Oil Field in Montebello, California. Oil prices edged lower on Tuesday, extending losses from the previous session, as investors worried about global oil demand following weak manufacturing data in several countries.
Frederic J. Brown | Afp | Getty Images
What I am looking at Aug. 2, 2022
Is oil over? I thought it had staying power here but a chartist who called the West Texas Intermediate crude top at about $110 per barrel on “Mad Money,” Carley Garner, now says next stop is $85 to $80 range. WTI under $94 per barrel Tuesday morning after falling nearly 5% in the prior session.