Oil prices will continue a "steady grind lower" and could hit the low $50s early next year, energy expert John Kilduff told CNBC Tuesday.
"All the elements remain in place that got us here. More supply, not less and less demand, not more," Kilduff, founder of Again Capital and a CNBC contributor, said in an interview with "Closing Bell."
"It's the perfect commodity combination for this thing to stair step lower and lower and lower. Throw in a rising dollar and you've got almost the perfect storm here."
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