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Will Light Sweet Crude Oil trade below $100.00 / barrel on the NYMEX on Monday 24th of March 2008?

Settled as Yes

low was below $100 at 99.95

http://www.reuters.com/article/hotStocksNews/idUSSYD3274320080324

Background:

This question asks, will the price of oil being traded on the New York Mercantile Exchange, at any point DURING REGULAR TRADING trade below $100.00. 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, will Light Sweet Crude Oil aka Oil to the lay person, trade for even one trade below $100.00 intraday during Monday, March 24th, 2008?


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

 
Forecast history, %
   Zoom in

Settled

Yes
79%
No
21%
Activity: H$23,585
Settled as Yes on Mon 24th Mar 1:22pm PDT

Suspend date: Mon 24th Mar 7:05am PDT Settlement date: Mon 24th Mar 1:22pm PDTPrediction cut-off: Predictions on this question after Mon 24th Mar 7:05am PDT have been voided because they were made after the question could be settled

Initial likelihoods: Yes: 65%

Action history:

Created Fri 21st Mar 4:47pm PDT by lucidstates
Suspended Mon 24th Mar 7:05am PDT : Suspend date reached
Settlement requested Mon 24th Mar 1:17pm PDT by orlin: Low 99.95

http://www.nymex.com/lsco_fut_condet.aspx?product=CL&month=May&cmonth=K&year=8&currPrev=C

'Oil slides further on dollar'

"U.S. crude futures settled down 98 cents at $100.86 after touching a low of $99.95, bringing them further below last Monday's $111.80 peak."

http://www.reuters.com/article/hotStocksNews/idUSSYD3274320080324
Settled as 'Yes' Mon 24th Mar 1:22pm PDT by andrew: low was below $100 at 99.95

http://www.reuters.com/article/hotStocksNews/idUSSYD3274320080324

Suspend date: Mon 24th Mar 7:05am PDT Settlement date: Mon 24th Mar 1:22pm PDTPrediction cut-off: Predictions on this question after Mon 24th Mar 7:05am PDT have been voided because they were made after the question could be settled
more info...

 

Predictions (57)

57 predictions

36 weeks ago
rookie predicted No (H$100 at 20%)
36 weeks ago
konrad predicted Yes (H$100 at 82%)
36 weeks ago
elly predicted No (H$50 at 18%)
36 weeks ago
elly predicted Yes (H$66 at 82%)
36 weeks ago
iceman predicted No (H$20 at 28%)
more

Comments (2)

  1 rohan
Sadly, it looks like it is closed on Monday too, unless I misunderstand:
http://www.nymex.com/holida_schedu.aspx
posted 36 weeks ago
Rohan,

Trading will be open on Monday according to the link you posted...

On that site it says:
Friday, March 21
(Electronic trading and NYMEX ClearPort® are closed for the holiday; these venues will reopen at 6:00 PM Sunday for the next day’s trade date)

Thank for the heads up. So trading should be totally normal tomorrow :-)

lucidstates
posted 36 weeks ago

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