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.
