Just one month ago, the price of West Texas Intermediate Crude hit rock bottom. Not only did oil fall to zero in mid-April, it tumbled to an all-time low of MINUS $37 a barrel.
Since that low point last month, oil has shown an impressive turnaround. At one point Tuesday morning, WTI was up more than 4% and back over $33 a barrel.
The Oil Price Information Service's Tom Kloza talked with KRLD's Chris Sommer about the bounceback in prices, what it means for Texas producers and where gasoline prices may be headed