Crude oil have plumbed fresh six-year lows, touching down to $42.18 on a report from the American Petroleum Institute calling a build in supplies. That's a long way from $107, where oil traded just nine months ago. But experts don't think the bottom is in just yet. In fact, they have no idea when the slick slide will finally stop.
"When oil broke $110 a barrel, it broke economic reality. Consumers simply can't afford the gasoline that you net out from that price" said Stephen Schork, editor of the Schork Report. "This is the same thing in reverse. We've diverged from reality and reason."
Schork says that in the short-term, $42.20 and $40 will serve as important levels but added that "all I can do is follow the momentum."
"I can't tell you when oil has reached a bottom—and by the way, no one is going to be able to tell you," the analyst said.