Crude oil prices rose moderately Monday -- but gasoline futures hit a seven-month high. Where are the raw and refined fuels headed this year? Two energy analysts had one answer for CNBC's Erin Burnett: up.
Addison Armstrong, an analyst at TFS Energy, reminded "Street Signs" viewers that the April contract expires Tuesday -- thus leading to a crude sell-off and slightly softer prices. But he foresees a new record being hit this summer, citing tight supplies, low refinery runs -- and no OPEC meeting until September.