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Background: Current price is near $100 per barrel. To be determined by NYMEX light crude futures pricing, front month contract. Intraday hit only. Price does not have to close at one of those levels.

Settlement details:As reported by a major mainstream news source.

To be determined by NYMEX light crude futures pricing, front month contract.

 
Forecast history %
120
97%
85
3%
Settled as 120 on Mon 5th May 2008 2:18pm PST

Suspend date: None
Settlement date: Mon 5th May 2008 2:18pm PST
Prediction cut-off: Predictions on this question after Mon 5th May 2008 2:18pm PST have been voided because they were made after the question could be settled

Initial likelihoods: 120: 50%, 85: 50%

Action history:

Created Thu 21st Feb 2008 7:30am PST by guido
Edited Thu 13th Mar 2008 12:43am PST by andrew
Settlement requested Fri 25th Apr 2008 1:36pm PST by mork[Power User]: I just mistakenly flagged this for review for wrong starting odds....sorry....I didnt realze this question is over two months old.
Settlement requested Mon 5th May 2008 1:48pm PST by lucidstates: Crude oil for June delivery closed at $119.97 a barrel on the New York Mercantile Exchange, up $3.65, or 3.1%, for the regular trading session. The contract climbed as high as $120.36 in electronic trading. The prices surpassed the record electronic high of $119.93 set on April 28.
The Link:
http://www.marketwatch.com/news/story/oil-futures-near-120-end/story.aspx?guid=%7BAC1993F9%2D3413%2D4D9F%2DA335%2DF8C3F96C12E3%7D&dist=news

Thanks,

lucidstates

Suspend date: None
Settlement date: Mon 5th May 2008 2:18pm PST
Prediction cut-off: Predictions on this question after Mon 5th May 2008 2:18pm PST have been voided because they were made after the question could be settled details

 

Predictions (43)

1 year ago
lucidstates predicted 120 (H$1,000 at 95%)
1 year ago
rudreitz predicted 85 (H$50 at 6%)
1 year ago
lucidstates predicted 120 (H$1,000 at 94%)
1 year ago
lucidstates predicted 120 (H$1,000 at 91%)
1 year ago
lucidstates predicted 120 (H$400 at 89%)

Comments (1)

Crude Oil is trading at $119.93 in electronic trade as 2 strikes are taking place, one in Nigeria and the other which is a reallllly big strike is happening in Britain where workers have shut down a line that handles 40% of Britain's daily output!!!
Oil is gonna go flying today people!!!

http://www.marketwatch.com/news/story/crude-oil-hits-record-near/story.aspx?guid=%7B5AEB9115%2D0A33%2D4B6A%2DA284%2DB96E539B4005%7D&dist=news
posted 1 year ago

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