Oil continued to get hammered Friday, with Brent crude futures briefly falling under $92 a barrel. If it eventually goes below $90, then strategist Helima Croft thinks there may be some cuts coming from OPEC producers.
Brent falling through $90 would put Saudi Arabia and other producers in a "real fiscal bind," Croft, chief commodities strategist at RBC, said in an interview Friday with CNBC's "Power Lunch."
"If we fall through a $90 number, I do think the Saudis will be under pressure ... to really hold an emergency OPEC meeting."
Brent crude for November delivery fell more than $1 to $92, after earlier touching $91.48 a barrel, its lowest since June 2012. It was the fourth consecutive day of declines.