First Silver Network, May 16th, the latest trend of international crude oil prices: Review of last week's trend: On Friday (May 13), international crude oil closed down US$0.49, or 1.1%, to US$46.21/barrel, off the high in six months , but it still rose by about 3.5% this week. O

First Silver Network, May 16th, the latest trend of international crude oil prices: Review of last week's trend: On Friday (May 13), international crude oil closed down US$0.49, or 1.1%, to US$46.21/barrel, a break from the previous trend in the past six months. It is at a high level, but it still rose by about 3.5% this week. On the last trading day of this week, after U.S. oil opened lower, it swept back and forth at a high frequency within a narrow range of $45.75-46.49 per barrel, leaving people at a loss as to what to do.

Oil prices ended lower on Friday as the dollar strengthened and investors locked in profits after three days of gains, but prices still posted gains this week. Oil prices fluctuated back and forth between bulls and bears during the day, leaving people at a loss as to what to do. However, oil prices recovered some of the day's losses after U.S. oil services company Baker Hughes released its latest oil rig count.

Oil prices rose for the fifth week in the past six weeks, with several European countries including Germany and France having a long weekend this week as investors took the opportunity to lock in profits.

On Thursday, in International Energy Oil prices hit their highest level in six months after the IEA's monthly crude oil market report was released. The IEA's monthly report shows that global crude oil inventories will decrease significantly in the second half of this year due to increased demand and reduced supply.

Michael Poulsen, oil risk manager at Global Risk Management in Copenhagen, Denmark, said the impact of crude oil production disruptions in Canada and Nigeria is likely to continue to dominate oil prices in the short term. Canadian crude oil production has recently continued to be hit by deep wildfires in the oil-rich province of Alberta. Poulsen believes Brent oil prices could climb to $49/barrel in the short term.

Looking at today’s international crude oil trend chart on Monday (May 16), in the four-hour chart, the third track of the Bollinger Bands continues to rise. Oil prices continue to fluctuate between 46-46.50 US dollars after opening today, and the upper limit has been unable to break through. At $46.50, it may be waiting for the mid-rail to rise before breaking through with the mid-rail. Judging from the macd indicator, the fast and slow lines overlap and move flat, the red kinetic energy has disappeared, the market is temporarily unclear about long and short positions, and the overall situation remains strong. Coupled with the thin market on Monday, intraday mailings may hover around 46.50.

The First Silver Network Market Center shows that as of 9:39 on Monday (May 16), the international crude oil price was reported at 46.35 US dollars per barrel.