Where will oil price bottom

Though I am not an expert in predicting oil prices I believe that roller coaster ride of oil price may culminate in oil price falling to $55 to $60.i wonder whether oil prices traded are the final one or is it a reference rate for opec countries to sell.if we go by the logic then opec only should be selling and major importers like Japan,china,India should be buying in commodity exchanges where oil is traded.

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Sabarathnam, great question. Though it is a common activity to predict things, It would be good if you said more about this prediction. IS this for Brent or WTI? And then within what kind of timeframe? And why do you think it will fall down to that level? 

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