Crude Oil Market Bottomed?

Opeck announced that they would stay the course on their intention to increase output. The way i'm interpreting this is i think opeck was smart enough not to play into the white houses game. They were being set up as scapegoats. So it'll be very interesting to see what happens next. Has the oil market finally bottomed? There was a big dump in react on to opex standing pat which promptly retraced almost completely. I don't know if the final bottom is in yet, but i do that this market has sold off much more than it should erica. Be interesting to see how this plays out.