Oil prices rebounded strongly, is it a counterattack or just a flash in the pan?

International oil prices recently rebounded strongly after hitting a four-year low. Is this price increase a counterattack or just a temporary phenomenon? Dong Chao, an analyst at Shenwan Futures Energy and Chemicals, believes that the escalation of geopolitical tensions combined with positive signals on tariffs have led to the rebound in oil prices. OPEC+ may accelerate production increases again in July, leading to a overall weakening trend in oil prices.