Oil forecasters are falling over themselves, publishing new estimates on how high they think prices can go. The rise of Brent to $85 per barrel has forced a rethink among a long line of commodity analysts and investment banks, and the predictions for $100 oil are proliferating. However, not everyone agrees. Barclays decided to take a contrarian approach, and went against the grain in recent note with its prediction that oil prices will begin to fall before the end of the year. “The recent increase in prices has gone too far, in our view. Although prices may continue to rise from current levels in October, the market is ripe for a correction,” the bank said in a note. Before that, however, prices could rise in the near-term. But that may only accentuate, or at least bring on, the price correction. “The rally could go even further this month, leading […]