oil stocks are going down and the market up
http://www.macrotrends.net/1369/crude-oil-price-history-chart
If oil can hold at or under $50 (and turning loose US production really helps with that), OPEC & Co. have a big problem, with many of their economies dependent on big profit on their oil.
Saudi wisely wants to diversify, but, with $50 oil, do they / will they have the funds to do so?