How low will oil prices go?

Has the commodity further to fall yet?

The oil price slumped to a four-year low in November, with economists stating the commodity has further to fall yet. But how low can the price really go? Fund managers and industry experts tell Investment Week their predictions

  Christopher Wheaton, portfolio manager, Allianz Global Investors   Price will be back to $90 in 2015 There is already universal pessimism on oil prices. Analysts are leap-frogging each other with ever-lower oil price forecasts, and conspiracy theories propagate. These data points scream that the oil price simply has to rebound. Supply is already being curtailed by lower prices and our best estimate is that by mid-2015, oil prices will be back to around $90 a barrel. Is oil - particularly the oil majors - a good investment even if this does not happen? Yes. Oil companies are al...