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Oppenheimer's expert on oil's next move

1:00 PM ET Tue, 2 Dec 2014

Oil is bouncing off 5-year lows - has it finally found a bottom? Oppenheimer's Fadel Gheit shares his trade on crude's crumble. Very short-term you could see oil go to the low 60's or mid-50's, says Gheit. And CNBC's Jackie DeAngelis and the Futures Now Traders, Scott Nations at the CME and Anthony Grisanti at the Nymex, break down a trade that targets crude at $70.00.