BRIEF-ANZ Sees Brent Crude Above $90/bbl For The Remainder Of 2026, And $80–85/bbl In 2027

May 4 (Reuters) - ANZ:

  • SEES BRENT CRUDE ABOVE $90/BBL FOR THE REMAINDER OF 2026, AND $80–85/BBL IN 2027

  • FOR 2026, SEES GLOBAL OIL MARKET BALANCE AT A DEFICIT OF 1.6 MB/D, WHICH ASSUMES RISING SUPPLY AND WEAK DEMAND IN Q4'2026

  • SAYS OIL PRICES COULD STAY ABOVE $100/BBL FOR MOST OF 2027 IF RECOVERY IN THE PERSIAN GULD REGION GETS PUSHED OUT TO END OF 2027

  • SAYS BRENT OIL PRICES COULD FALL TO AROUND $83-87/BBL IF U.S.-IRAN REACH PEACE DEAL


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