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Jim Cramer warns oil surge could trigger a 20% stock market drop amid inflation fears.

Market News
02 Apr 2026
Benzinga
View Source
Bearish
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CNBC host Jim Cramer warned that the sharp rise in crude oil prices, up nearly 87% this year, could lead to a 20% drop in the stock market. He criticized President Trump's handling of energy policy, suggesting it ignores the inflation impact at the pump. Cramer noted historical patterns where a 100% rise in oil prices typically precedes significant market declines. This warning highlights risks for major ETFs like SPY, QQQ, and DIA, which have already seen recent declines amid rising oil and inflation pressures.

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