Yahoo TV

Oil prices (CL=F) are trading near a 10-month high after stronger-than-expected data out of China. The recent rise in oil prices has some concerned that it may cause inflation to increase, and, as a result, force the Federal Reserve to raise rates. Commerce Street Capital CEO and President Dory Wiley says investors "almost have to be bullish" on oil prices for the next few years due to long-term supply issues. "What's kept oil prices down has been the expectation of a recession that hasn't shown up," Wiley says. Wiley explains that he thinks "the market's kind of had it wrong and that its overestimated a demand problem that really hasn't manifested itself, so I think you'll continue to see oil rise above the $100 barrel range."