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Is oil oversold?

1:00 PM ET Tue, 19 Jan 2016

Brent is headed higher in the second half of the year, says Mike Wittner, Societe Generale, weighing in on oil's next move. The key is production decline in the U.S., says Wittner. And CNBC's Jackie DeAngelis and the Futures Now traders have a play on oil that targets crude at $28.40.