Supply-side pressure increased, limited room for rebound in oil prices expected.

After hitting a new low in the trading on May 5th, international crude oil prices have seen a significant rebound, with London Brent crude futures prices briefly rising above $66 per barrel and New York WTI crude futures prices reaching above $63 per barrel. Industry insiders believe that the short-term bearish news of accelerated production increases by "OPEC+" and easing macroeconomic expectations have boosted the trend of international crude oil prices. However, in the context of increased production by "OPEC+" and entering a period of low growth in oil demand, the space for further rebound in oil prices in the future is expected to be limited.