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Can one forward a strong argument for a downtrend in oil's price in 2010? Commerzbank AG Senior Analyst Eugen Weinberg attempts do just that -- predicting that oil will fall to $59 per barrel in Q4 2010, due to OPEC production increases.
"Next year, I see risk from the downside," Weinberg told Bloomberg News Monday. "OPEC discipline is receding, and I think this will continue." He added that until there's evidence of production discipline from OPEC, prices have increased prematurely, according to his analysis.
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