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Drop in US crude inventories, other factors lead to bump in oil prices

SmartBrief Wednesday, 19 October 2016 ()
The American Petroleum Institute reports that US crude stockpiles fell by 3.8 million barrels last week, and that contributed -More- 
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News video: Jim Cramer Watching Oil Prices and Key Oil Events This Week

Jim Cramer Watching Oil Prices and Key Oil Events This Week 00:47

Oil stocks have performed well as oil prices climb, and Jim Cramer is watching some key events in the energy space this week. OPEC members hold an informal meeting on Wednesday, and then on Thursday, the Energy Information Administration will release its crude oil inventory number. Cramer says...

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