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.
