It will take a lot for oil prices to trade in the $100-per-barrel neighborhood in the near future, Ed Morse, head of global commodity research at Citigroup, said Monday.
"We'd have to see a reversal in trends in global GDP growth and, more importantly, in global petroleum demand growth," Morse said in a CNBC "Squawk on the Street" interview.
"We've seen the relationship between GDP growth and oil product demand widening considerably. For every 1 percent increase in global GDP, there's less of a percent increase in oil demand. That will weigh heavily on the markets," Morse added.