the real object is to get oil prices down to support the U.S. dollar. The Saudis are going along.....for now... Many geopolitical factors and the weather, of course, will determine what eventually happens.
(Doesn't everyone find it ironic that oil prices are soft when the Northeast is being hit by such cold weather. We've been told all along that the lack of cold weather was why the gassy stocks were lagging...now they've hit oil, too!)