New York - At least one analyst believes that crude oil prices are headed down in coming months. Brynjar Eirik Bustnes, an analyst in JPMorgan's Asia equities team, said he believes the demand and supply picture doesn't justify oil prices near USD140 a barrel in recent days. Bustnes' call comes as the oil market has been roiled in recent weeks by other analysts' forecasts of a sharp spike in oil prices. Morgan Stanley said early this month it expects oil to enter a short-term spike to USD150 a barrel by July 4 on strong Asian demand, and Goldman Sachs said last month it was becoming increasingly likely crude would spike as high as USD200 a barrel before demand would slacken in response. Bustnes said supply is meeting demand and that inventories are at the same levels as last year and even slightly higher than their five-year average level. Demand destruction in the U.S. caused by higher prices; the likelihood of China and India raising fuel prices; Detroit auto makers' likely move to smaller, more fuel-efficient vehicles; and improvements to exploration and production technology will strengthen supply further and point to lower prices, he said. Even if oil companies correct due to lower oil prices, earnings should remain strong and provide support for shares going into earnings releases, he said.