Yahoo Finance Editor-in-Chief Aaron Task says the report is on par with comments made by OPEC earlier this week. “They basically said that non-OPEC producers are going to start cutting production and that’s going to put a floor on oil prices.” Task cautions reading too much into the IEA estimate but does think we’re getting closer to stabilization. “I don’t think you will see oil prices go back up dramatically anytime soon because the demand isn’t there and seems to be falling from the lack of economic activity we’re seeing around the world.”