It’s a tough one to guage.
First up is that no one has told Donald Trump, so not sure how he will react on noises about production cutting in order to raise oil prices.
Second up are the Shale guys - price hovering around where it gets profitable for them.
And the big third - try getting guys to cut sales just as price is falling, you have to be rich (like the Saudis) to even contemplate, has been a breaker in the past.
Suppose we’ll know when the Northern Hemisphere winter cold hits (or will it given all the warming going on).