Analyst: Oil Is Heading Well Into The $90 Range

The oil market is in a bullish move and heading well into the $90 per barrel range, Bob McNally, President at Rapidan Energy, told CNBC’s Squawk Box program on Monday. Oil hitting $100 per barrel is “entirely possible,” McNally added. “Oil prices are climbing a wall of doubt and skepticism,” he said. So far, traders have been focused on the lack of a significant drop in Russian supply. The market is also “dancing in a macro minefield,” McNally told CNBC.   “There are good reasons to…