Oil guru says oil could fall to $60

Is oil's plunge due to the Saudi price cut? CNBC's Mandy Drury and "Futures Now" Traders, Jeff Kilburg, Jim Iuorio and Anthony Grisanti, have the play on oil's new low. OPEC is sending a loud signal, says Oppenheimer's Fadel Gheit on why he would not rule out $60 oil.