The recent march of U.S. crude prices to $40 per barrel won't last, oil expert John Kilduff said Monday, predicting another $25 environment ahead.
West Texas Intermediate crude surged 2.44 percent last week, its fifth-consecutive weekly gain, as OPEC producers announced a meeting in Qatar to discuss an output freeze.
"I think it's going to be a buy-the-rumor, sell-the-news phenomenon to the extent they even do meet next month," said Kilduff, the founding partner of Again Capital, an alternative investment manager specializing energy and metals.
"It's certainly going to disappoint the market," he told CNBC's "Worldwide Exchange," reasoning that even with a freeze the persistent glut and lack of a production cutback sets up oil prices to fall back to their February lows.
Kilduff said the April meeting isn't likely to bear fruit. He based his contention on Saudi Oil Minister Ali Al-Naimi's announcement in February that Saudi Arabia would not cut production because it did not trust other countries to do the same.
Production in Iran, meanwhile, continues to surge after sanctions were lifted in January. "They won't cooperate in the freeze deal until they get to pre-sanction levels."