Oil slips below $80 a barrel: Where could gas prices go?

Crude oil prices slip below $80 on Thursday. What international factors are allowing oil prices to slip lower?
OPIS Global Head of Energy Analysis Tom Kloza describes previous forecasts calling for over $100 per barrel as over-exaggerated and the trajectory for US gas prices over oil market pressures.
“The biggest fundamental in the price of oil is money flow, and right now it looks as though some of the huge, huge funds that manage commodities across the spectrum will have to get rid of some of their holdings in WTI and Brent in January of 2024 — that might be $3 billion in investment money coming out the market.”
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