Oil prices fall to their lowest levels in more than a year. “It’s caught the falling knife,” the senior global equity strategist at Wells Fargo Investment Institute says.
Oil prices have “dropped like a rock” over the past seven weeks but are finally approaching a bottom, Wells Fargo strategist Scott Wren told CNBC on Friday.
“It’s caught the falling knife,” the senior global equity strategist at Wells Fargo Investment Institute said in a ” Squawk on the Street ” interview. However, “from our perspective oil, while it’s hard to say right now exactly where the bottom is going to be, we feel it’s pretty close to where we are right now.
