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Created Fri 25th Apr 6:12pm PDT by lucidstates
All questions » Business » Economics » 

Will Light Sweet Crude Oil trade above $121.75 / barrel on the NYMEX this week (April 28th-May 2nd)?

Settled as No

http://www.nymex.com/lsco_fut_cso.aspx

Background:

This question asks, Will the price of oil being traded on the New York Mercantile Exchange, at any point DURING REGULAR TRADING trade above $121.75 / barrel this week (28th-2nd)? This does NOT include pre-market trade, nor after market hours trade. This asks if between the OPEN of trading and the CLOSE of trading of any day during this week (28th-2nd), will Light Sweet Crude Oil (aka Oil to the lay person), trade for even one trade above $121.75 intraday during the week of April 28th to May 2nd, 2008?


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

 
Forecast history, %
   Zoom in

Settled

 Yes
1%
No
99%
Activity: H$81,303
Settled as No on Fri 2nd May 1:15pm PDT

Suspend date: Fri 2nd May 12:55am PDT Settlement date: Fri 2nd May 1:15pm PDTPrediction cut-off: Predictions on this question after Fri 2nd May 12:55am PDT have been voided because they were made after the question could be settled

Initial likelihoods: Yes: 51%

Action history:

Created Fri 25th Apr 6:12pm PDT by lucidstates
Suspended Fri 2nd May 12:55am PDT : Suspend date reached
Settled as 'No' Fri 2nd May 1:15pm PDT by andrew: http://www.nymex.com/lsco_fut_cso.aspx

Suspend date: Fri 2nd May 12:55am PDT Settlement date: Fri 2nd May 1:15pm PDTPrediction cut-off: Predictions on this question after Fri 2nd May 12:55am PDT have been voided because they were made after the question could be settled
more info...

 

Predictions (67)

67 predictions

30 weeks ago
allenger predicted No (H$55 at 96%)
30 weeks ago
allenger predicted No (H$25 at 96%)
30 weeks ago
lucidstates predicted No (H$8,000 at 95%)
30 weeks ago
lucidstates predicted No (H$3,550 at 94%)
30 weeks ago
kleinmanr predicted No (H$300 at 93%)
more

Comments (4)

  1 lucidstates
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 31 weeks ago
  2 belarusia
Lucid: oil is dropping like a rock. Hopefully we can get to $100 a barrel one of these days so that I don't have to pay so much for gas.
posted 31 weeks ago
  3 lucidstates
Wow, what a turn around huh? Man, I shoulda kept a closer eye on Oil this week, I lost a bundle man, hahahahaha :-(
I hope you made money this week Belarusia, cause I certainly didn't, hehe :-D
And yesss, I could use cheaper gas, I am paying nearly $4 / gallon here in Seattle :-(
posted 30 weeks ago
  4 andrew
Yes, it certainly dropped like a stone, but it seems to be on the way back up... sadly for the drivers amongst us. I think it was a reaction to the rate cut and then realising it wouldn't make major differences instantly so back up it goes.

http://www.nymex.com/lsco_fut_cso.aspx
posted 30 weeks ago

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