Oil Will Fall to $70 a Barrel says Jeffrey Gundlach

Jeffery Gundlach, CEO and Chief Investment Officer of DoubleLine, told CNN Money that he sees oil falling another $10 per barrel to $70 per barrel.

According to CNN Money:

I think it’s going to $70 and if it does, it’s bye, bye fracking. Goodbye all of the great job creation from fracking because fracking becomes too expensive if you can buy oil at $70 a barrel.

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