CNBC | Crude oil is on track to do something it hasn't done in over 20 years 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 ... Oil rebounds but still threatened by growing US supply Oil Prices Lower on Global Supply Glut The US shale oil industry is booming despite low crude prices |