Tom Kloza

Tom Kloza recently told CNBC he expects oil prices to pass $80 per barrel this year, and maybe even $100 per barrel. But he also expects prices to settle down heading into next year. Why? Find out by listening to today's Price At The Pump ...

As we start a new month, oil prices are continue to trade in the mid $60 per barrel range, but prices appear to be moving higher. In Monday’s action, West Texas Crude was trading at $67 per barrel. Tom Kloza with OPIS Pricing told CNBC this weekend while we saw higher fuel prices over the holiday weekend, he does not expect that trend to continue for all of June, or even 4th of July weekend. “ .

For the first time in U.S. history, oil prices fell into negative territory as demand continues to dry up because of the stranglehold the coronavirus pandemic has on the global economy. Industry experts says the globe now has a lot of oil and very few remaining places to store it, thus meaning producers are paying buyers off their hands ...