Oil Prices Likely To Stay Compressed Absent A War
June 26, 2019 at 10:53 AM EDT
Bob Doll, senior portfolio manager and chief equity strategist at Nuveen, appeared on CNBC on Monday, saying there’s a cap on oil prices because global GDP is “struggling” to advance in addition to an excess supply from the U.S. He says it’s quite improbable the market sees above $80 a barrel unless a war breaks out.