What’s next for oil prices?

It’s been a pretty grim week for markets. We had the usual rumblings in the eurozone, with panic over Greece and Spain. Meanwhile, Chinese economic data was weak. Export and import data missed expectations, as did figures for investment, retail spending, and industrial production. On top of all that, JP Morgan has just lost a couple of billion down the back of the sofa. No wonder investors are rattled. There is an upside to all this though – oil prices are dropping back. Will this last? And can you profit from it?