Fresh concerns over China's slowing economy sent oil prices into a steep decline to start off the week.
Before rising Tuesday to near $32 a barrel, crude fell 6 percent Monday and had lost 14 percent in 2016. Widely followed commodities watcher Dennis Gartman said the plunge could be the start of a new norm for oil.
"Let's not forget that a year and a half ago, I said that we were probably going to get to the mid $30s when crude oil prices were trading at $125 per barrel," he said on CNBC's "Fast Money" on Monday. "Here we are at $32 and the pressure is still on. I thought we would see some support. Clearly we haven't."
But rather than point the finger at China for falling oil prices, Gartman instead looked to Canada as the hot spot for the continued buildup in supply.
Read More Oil prices rise to $32 after hitting multi-year lows