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Oil Prices Likely To Stay Compressed Absent A War

By: ETFdb
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.
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