Consider that oil production must be shutting down. Who would keep producing oil they can sell. Plus there must be some some operations that going belly up.
With that in mind it pretty fair to say that when the economy opens up then there is going to be very little production occurring. So stored oil is going to be used quickly and more than likely we will quickly end up with an oil shortage. Because there is going to be a delay in restarting production, and an actual long term reduction in production capability.
True, production was cut and slowed down
But it hasn’t halted completely
We still have a giant glut right now
People are joking that they are getting 3 weeks to the gallon