According to a CNBC.Com article today, Saudi Arabian oil production looks to increase to normal levels faster than initially expected. The oil markets worst fears of a prolonged production output may not actually happen. Some sources think up to 70% of normal production can be achieved within a few days, and normal production levels may be reached within 3 to 4 weeks.
As a result of this news the price of oil has been down sharply today, and the stock prices of oil companies are also down.