Jim Cramer says global oil trading is too powerful to shut down

  • Jim Cramer said global oil trading would be difficult to shut down.
  • September 8: Cointelegraph reported Cramer's comments about oil-market resilience.
  • Traders invoked Inverse Cramer while joking that the remarks signaled an oil selloff.

Jim Cramer said global oil trading is supported by such a strong market structure that shutting it down would be difficult. Cointelegraph, a cryptocurrency-focused media outlet, reported the remarks on September 8. Some traders joked that Cramer's comments could signal an oil selloff, invoking Inverse Cramer, an online investing practice of taking positions opposite to his market calls.

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