bookofdeadfreespinsnodeposit| Saxo Bank analysts: Oil prices are stable at the bottom of expectations, and summer demand may support price increases

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[Balance of supply and demand helps stabilize oil prices] On May 17, the international crude oil market rebounded slightly.

Ole Hansen, head of commodities strategy at Saxo Bank, pointed out that crude oil prices are solid in expected rangesbookofdeadfreespinsnodepositthe low end. At the end of April, the market observed that tensions in the Middle East did not significantly affect supply, triggering a decline in prices.

Hansen added that demand was sluggish due to falling refinery margins, but the OPEC + alliance was actively adjusting production to match targets.

Looking ahead, Hansen expects that as summer demand peaksbookofdeadfreespinsnodepositWith the arrival of oil prices, oil prices are expected to receive further support in the coming months.