The CNBC Investing Club with Jim Cramer has released an afternoon update on Wall Street, focusing on the oil market. Despite a rise in stocks to the start of the week, the S & P Oscillator indicates that a sustained rally may require positive developments in the oil industry. Salesforce has announced plans to repurchase 103 million shares, representing about 80% of the number of shares it anticipates repurchasing under a $25 billion ASR and a broader $50 billion repurchase program. The company recently raised $25bn in debt to finance these buybacks, a move some are viewed as controversial or opportunistic. The team will also be monitoring conferences and company updates.