After oil prices fell sharply, commodities sage Dennis Gartman said he sees the possibility for even lower prices.
WTI crude oil closed at $58 per barrel Thursday on expectations OPEC will keep its output at 30 million barrels a day. But even at that pace, Gartman said, there simply is too much supply. He spoke a day before OPEC on Friday decided to maintain current production levels.
"There's plenty more crude oil being found all around the world. I think it's going to be very difficult to push WTI much beyond $65 maybe $66," Gartman said Thursday on CNBC.com's "Futures Now."