Crude oil prices could go as low at $35 per barrel thumbnail Crude oil prices took a roller coaster ride dipping down to a six-year low of $42.17 per barrel before bouncing back up and closing the day at $44.66 per barrel. But one expert on the Eagle Ford shale said conditions are ripe for oil prices to drop even further before they can climb back up and stabilize. University of Texas at San Antonio Economics Professor Thomas Tunstall said the price drop is due to a glut in global oil supplies, lower global demand and record high inventory. The United States is producing high levels of crude from its shale oil fields, including the Eagle Ford region just south of San Antonio. U.S. Energy Information Agency released a Wednesday morning report revealing that oil inventories are at record high levels in the United States. Commercial crude oil inventories […]