CNBC | Beaten-down crude oil is tracking for a huge losing streak CNBC "The drawdown we'll expect is just right around 1 million barrels for crude oil, so data coming out of course is going to be quite bearish for oil going forward," he said. His target is closer to the $40 area, roughly 7 percent lower from oil's settle ... The US shale oil industry is booming despite low crude prices Oil prices rally with 1% gains in Asia trade Oil Gains on Hopes for Falling Stocks |