As far as the oil price is concerned..just how much of this sell...

As far as the oil price is concerned..just how much of this sell off is related to the splattered investment banks and deleveraging of resource funds and speculators? There is a building consensus that the fundamentals are not exactly representative in the market with the current oil price. Some analysts are now calling for a reversal in this extra low price range towards $65 per barrel by the end of 09 as the OPEC cuts kick in and supply constraints hit home. Investment banks called oil to $200 and now they call it to $30. It hit $150 at the high. Do we think it will hit $30 or has it hit its low already? People tend to sell pre targets to lock in profits. They tend to buy pre dire predictions on the down side as they don't wish to miss the bounce. Lets see if this is the case once again.Time will tell.