Jim Kramer here to share a short preview of my take on the market from today's members-only

CNBC Investing Club Morning Meeting. Join the club for full access to the morning meeting every day

at 1020 a.m. Visit CnBC.com slash morning take to sign up today. That's one word morning take.

Jim, we have oil finally down, trading below 84, excuse me, WTI, and it's leading to a nice rebound in the markets.

What we're seeing today, Jeff, is pretty clear. If oil just goes up and up and up,

if we were at 115, we'd be down a lot today. If it was at 120, we'd have another down 2% day.

The fact that oil can go down is making people feel like, you know, we better start doing some

buying. There's a little sense that maybe this is like a liberation day plus one.

I don't know whether that's the case.

I do know that if we're letting Iranian oil through, it looks like that we're trying to set

a precedent that we won't bomb your oil facilities, stop bombing ours.

And that causes oil to go down because what it says is maybe there's going to be

a couple million barrels a day coming through the street. You know what? That is going to make

people feel like, well, you know, things are a little better. And I tried very hard this weekend,

Jeff, to be able to say that private credit woes are overblown. So if you have oiled down,

you have private credit woes, maybe overblown,

you have to buy. Yes, I think you pointed out it's more of a liquidity issue in private credit

than a credit issue. But yes, back to oil. I thought Treasury Secretary Scott Besson's comments

on CNBC, I think it added some calmness

to the oil markets.

And he mentioned tankers getting through the president's calling on other countries to form

a coalition to get tankers through the straits.

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