Created Wed 2nd Apr 10:27pm PDT by 
lucidstates
All questions » Business » Indices » lucidstates Will the price of Oil end the week closer to $100.00 or $110.00 / barrel?
Settled as Closer to $110.00 / barrel
This question asks, with $105.00 as the mid point, which price will Light Sweet Crude Oil traded on the NYMEX be closer to at the end of trading this week, $100.00 / barrel or $110.00 / barrel? ... Remember, $105.00 is the middle point in this question, so let's say for example, you think Oil will end the week near $101.00 / barrel then you will want to pick "Closer to $100.00 / barrel" however, if you think Oil will close around $106.15 / barrel, then you will want to choose the option "Closer to $110 / barrel." Now if Oil closes at $104.99 / barrel, then the "Closer to $100.00 / barrrel" will WIN, or if it takes off and closes on Friday at $114.76 / barrel, then "Closer to $110.00 / barrel" will WIN. Everyone get it? So this question will suspend early Friday so as to prevent problems with betting near the close of the trading day but will be settled when the markets CLOSE this Friday the 4th of April.
Settlement details:
As reported by a major mainstream news source.
Settled
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Closer to $100.00 / barrel |
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Closer to $110.00 / barrel |
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Activity: H$21,726
Settled as Closer to $110.00 / barrel on Sat 5th Apr 6:45am PDT
Suspend date: Fri 4th Apr 5:20am PDT Settlement date: Sat 5th Apr 6:45am PDTPrediction cut-off: Predictions on this question after Fri 4th Apr 5:20am PDT have been voided because they were made after the question could be settled
Initial likelihoods: Closer to $100.00 / barrel: 50%, Closer to $110.00 / barrel: 50%
Action history:
Created Wed 2nd Apr 10:27pm PDT by lucidstates
lucidstates
Suspended Fri 4th Apr 5:20am PDT : Suspend date reached
Settlement requested Fri 4th Apr 5:43pm PDT by lucidstates: Crude oil for May delivery ended up $2.40 at $106.23 a barrel on the New York Mercantile Exchange.
So please SETTLE this question with the $110.00 / barrel option being the winner as it ended the week closer to $110 then it did to $100.
The Link:
http://www.marketwatch.com/news/story/oil-futures-rise-slumping-jobs/story.aspx?guid=%7BDED09419%2DA96D%2D4538%2DA40D%2D7BBF7C5DE19A%7D&dist=news
Thank you and have a great day,
lucidstates
lucidstates: Crude oil for May delivery ended up $2.40 at $106.23 a barrel on the New York Mercantile Exchange.
So please SETTLE this question with the $110.00 / barrel option being the winner as it ended the week closer to $110 then it did to $100.
The Link:
http://www.marketwatch.com/news/story/oil-futures-rise-slumping-jobs/story.aspx?guid=%7BDED09419%2DA96D%2D4538%2DA40D%2D7BBF7C5DE19A%7D&dist=news
Thank you and have a great day,
lucidstates
Settlement requested Sat 5th Apr 4:29am PDT by 
gregmatta: Closer to $110.00 / barrel.
Oil closed April 4, 2008 at $106.23. NYMEX reported by Bloomberg.
gregmatta: Closer to $110.00 / barrel.
Oil closed April 4, 2008 at $106.23. NYMEX reported by Bloomberg.
Settled as 'Closer to $110.00 / barrel' Sat 5th Apr 6:45am PDT by 
nigeleccles![[Admin]](http://www.hubdub.com/images/icon_admin.gif "This user is an admin")
nigeleccles
Suspend date: Fri 4th Apr 5:20am PDT Settlement date: Sat 5th Apr 6:45am PDTPrediction cut-off: Predictions on this question after Fri 4th Apr 5:20am PDT have been voided because they were made after the question could be settled
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Get widget!Predictions (68)
68 predictions
bayoubear
kruijs![[Power User]](http://www.hubdub.com/images/icon_superuser.gif "This user is a super user"){kind=icon}
predicted Closer to $100.00 / barrel (H$100 at 74%)
klausmitte
bobsaget
mistert
curios
skirvirComments (3)
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