The oil market is likely to remain choppy this year, but crude prices will probably end the year just $5 or so higher, Tamar Essner, director at Nasdaq Advisory Services, said Tuesday.
U.S crude prices have risen more than 80 percent from a January low of $26.05 a barrel. But Essner said that momentum may not be sustainable.
"Too much of what's driven oil prices higher have been these supply outages, and too many of them are temporary, so that supply will come back to market," she told CNBC's "Squawk Box."
The market has already worked through a number of supply interruptions this year, including a workers strike in Kuwait last month and outages that resulted from wildfires in Canada's oil sands region.
Nigerian production has fallen in the face of renewed militant strikes on the country's oil infrastructure. Meanwhile, Venezuelan output is down as the country deals with a severe cash crunch.