What Oil Glut? Jim Cramer Says It's Not as Big as You Think

NEW YORK (TheStreet) -- Is the oil glut really that big? Jim Cramer isn't so sure. Cramer asked, if there's a big oil glut in the United States right now, why is the U.S. importing oil? Cramer said $43 a barrel is a key level for oil. If it holds, oil stocks will be bounce; if not, energy stocks will keep selling off. Cramer noted earnings from Exxon and Chevron last week, and the prospect for more Iranian oil. Cramer owns several energy stocks in his Action Alerts PLUS portfolio, including E...