Crude oil prices are likely at the bottom of their recent slide, Continental Resources CEO Harold Hamm said Thursday on an earnings call, adding that prices will probably return to the mid-$80s to low $90s/b in the near term. While he did not specify an expected time frame for recovery, Hamm said he believes the oil price drop will be “short lived” based on global supply and demand fundamentals which “[haven’t] changed in the last three months.” “What we’re dealing with is [an oil] renaissance that will be very long lasting in the US,” Hamm said. Hamm also said a temporary drop in prices may cause the US “overall [to] be well served … even though we’re probably not looking at it that way.” For […]