ANZ ON OIL: IF RECOVERY STALLS AT THIS WEEK’S LEVEL, LEAVING DEFICITS ABOVE 4–5MB/D, MARKET IS LIKELY TO REQUIRE SUSTAINED PRICES ABOVE $100/BBL TO RATION DEMAND AND PROMPT STOCK DRAWDOWNS

2026-04-09

ANZ ON OIL: IF RECOVERY STALLS AT THIS WEEK’S LEVEL, LEAVING DEFICITS ABOVE 4–5MB/D, MARKET IS LIKELY TO REQUIRE SUSTAINED PRICES ABOVE $100/BBL TO RATION DEMAND AND PROMPT STOCK DRAWDOWNS