Can the rally in oil prices push higher? Gaurav Sharma explains

In a year of unprecedented oil market volatility, prices have staged an impressive comeback from all-time lows in mid-April. OPEC+ extended its record oil production cuts over the weekend to the end of July, pushing prices higher. But the rally was short-lived after Saudi Arabia’s energy minister said the nation plans to end deeper, voluntary cuts as the global economy shows signs of recovery. Gaurav Sharma, Forbes contributor, shares his outlook for the oil market, explaining the demand-supply dynamics, and highlights some oil stocks. Any opinions, news, research, analysis or other information does not constitute investment advice. Find us on Twitter: @IGTV @VictoriaS_IG @The_Oilholic Charts & fundamentals on oil: Brent (%20https://www.ig.com/uk/marketanalysis/ig-commodities/brent-crude?CHID=9&SM=TW&REF=IGTV) WTI (https://www.ig.com/marketanalysis/entry?maid=CL?CHID=9&SM=TW&REF=IGTV)