Boone Pickens on Bloomberg TV say he sees crude prices headed lower. He said we are now in oversupply and if we come out of December at this oversupply status, crude will be dropping more. He didn't however give a number--but his body language was like 50, maybe. Has has been cutting his long positions in energy, but remain emphasises he remains strog long in SunCor. But he says this is a lull and come beyond the first half of this year sometime crude prices will be back to recent highs.
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