Crude soared higher Wednesday thanks to a drop in U.S. inventory, but the path to $50 or $60 oil will take a big drop in U.S. production or a supply outage somewhere else, strategist Helima Croft said Wednesday.
"You have to have the expectation of a real roll in U.S. production. You have to see this really starting to come down before people start to say on a fundamental basis we should get constructive," the chief commodities strategist for RBC Capital Markets said in an interview with CNBC's "Power Lunch."
"Supply got us into this. It's an oversupply situation. Supply will really have to get us out."