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Will the price of Oil end the week closer to $105.00 or $115.00 / barrel? (April 14th-18th)

Settled as Closer to $115.00 / barrel

http://www.nymex.com/lsco_fut_cso.aspx
closed at 116.69

Background:

This question asks, with $110.00 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, $105.00 / barrel or $115.00 / barrel? ... Remember, $110.00 is the middle point, so let's say you think Oil will end the week near $101.22 / barrel then you will want to pick "Closer to $105.00 / barrel" however, if you think Oil will close around $112.25 / barrel, then you will want to choose the option "Closer to $115.00 / barrel." Now if Oil closes on Friday at $109.99 / barrel, then the "Closer to $105.00 / barrel" will WIN, if it closes on Friday at $110.01 / barrel, then "Closer to $115.00 / barrel" will WIN, however, if it closes on Friday at $110.00 / barrel then "Closes at Exactly $110.00 / barrel" will WIN. This question suspends early Friday to prevent problems with betting near the close of the trading day and will be settled when the markets CLOSE this Friday the 18th of April.


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

 
Forecast history, %
   Zoom in

Settled

Closer to $105.00 / barrel
0%
Closes at Exactly $110.00 / barrel
0%
Closer to $115.00 / barrel
99%
Activity: H$27,142
Settled as Closer to $115.00 / barrel on Fri 18th Apr 12:54pm PDT

Suspend date: Fri 18th Apr 5:20am PDT Settlement date: Fri 18th Apr 12:54pm PDTPrediction cut-off: Predictions on this question after Fri 18th Apr 5:20am PDT have been voided because they were made after the question could be settled

Initial likelihoods: Closer to $105.00 / barrel: 49%, Closes at Exactly $110.00 / barrel: 1%, Closer to $115.00 / barrel: 50%

Action history:

Created Sat 12th Apr 7:15pm PDT by lucidstates
Suspended Fri 18th Apr 5:20am PDT : Suspend date reached
Settlement requested Fri 18th Apr 12:36pm PDT by lucidstates: Crude-oil futures reversed earlier losses, rising nearly $2 a barrel on Friday to close at new record high of $116.69, as news about pipeline sabotage in Nigeria overtook the strengthening dollar to push up oil prices.
The Link:
http://www.marketwatch.com/news/story/crude-closes-new-high-11669/story.aspx?guid=%7BBE7E5DDA%2DF39B%2D415C%2D82B9%2D46987DC46D64%7D&dist=news

So please SETTLE this one as "Closer to $115.00 / barrel"

Thanks,
lucidstates
Settled as 'Closer to $115.00 / barrel' Fri 18th Apr 12:54pm PDT by andrew: http://www.nymex.com/lsco_fut_cso.aspx
closed at 116.69

Suspend date: Fri 18th Apr 5:20am PDT Settlement date: Fri 18th Apr 12:54pm PDTPrediction cut-off: Predictions on this question after Fri 18th Apr 5:20am PDT have been voided because they were made after the question could be settled
more info...

 

Predictions (72)

72 predictions

32 weeks ago
lucidstates predicted Closer to $115.00 / barrel (H$3,750 at 99%)
32 weeks ago
jenniandboys[Admin] predicted Closes at Exactly $110.00 / barrel (H$1 at 1%)
32 weeks ago
vankev63 predicted Closer to $105.00 / barrel (H$20 at 3%)
32 weeks ago
lucidstates predicted Closer to $115.00 / barrel (H$1,799 at 95%)
32 weeks ago
robbie13 predicted Closer to $105.00 / barrel (H$100 at 6%)
more

Comments (12)

NOW who's in a question-making frenzy? Another great question...i'm in!
posted 33 weeks ago
  2 ladylara
what a well crafted question, and what cool odds for a quirky prediction! I'm in for the big gamble of exactly 110!!
posted 33 weeks ago
  3 markov
The odds, 44/2/54 are as close to an exact match for my view of reality (44/0.1/55.9) as they can get before the market changes on Monday. I'm holding out for a variation between what I think will happen and what this question's market will offer me.
posted 33 weeks ago
  4 shadowfax
well done and lots o' fun, thnx lucid! in as swell on the long shot 110.000 0h
posted 33 weeks ago
Hehehe, I am glad that you guys and girl, are enjoying this :-D ... How much does it pay ladylara at 1%? I couldn't find out cause of the 12hr time limit on me, and NOW you and shadowfax have changed it on me, haha, I see that you two are gamblers, hehe, I like that! :-D

lucidstates
posted 33 weeks ago
  6 ladylara
I'd get $2063 for my $20 "investment" in pure fun odds! I love it. Shadowfax, how about you?
posted 33 weeks ago
  7 shadowfax
thnx for askin' LadyLara. yup, I musta bet after you- my odds were 3.29% - H$2308 for a $76 wager.
for more potential grins, today put in a bid of H$33 at 1.65% for a $1998 return. woo hoo!
it could happen...:)
posted 33 weeks ago
Hehe, you kids are sooo adorable, *cough choke* Hehehe, J/K :-P ... I also made a similar bet, but on the question of where the Dow will end the week, I bet $75 to win just over $2,300 ... Hahaha, we are alllllll gamblers I can see :-D

lucidstates
posted 32 weeks ago
  9 ladylara
Oh, this soon-to-be Grandma loves being called a kid!! No idea where Shadowfox stands on the age timeline, but this site makes us all gamblers with a neat way to meth our habit!
posted 32 weeks ago
  10 shadowfax
great comment LL! yup, hubdub does have the meth effect. gamblin' fool that I be.
makes me feel like a kid agin playing here.
I've been here on this planut just a tad before J.F.K. was killed.
we still are in the runnin' for a spot on 110. landing friday. the odds of that are pret much
what the wager is...
posted 32 weeks ago
Wow, $1 on either of the first two options pays a whopping $450 to $1!!!!!! That means, if I bet ALL I am worth ($17,234) that would pay me $7,755,300.00!!!
I'd be the RICHEST DUDE ON HUBDUB .... But I am not going to risk it, hahaha :-P
posted 32 weeks ago
Crude-oil futures reversed earlier losses, rising nearly $2 a barrel on Friday to close at new record high of $116.69, as news about pipeline sabotage in Nigeria overtook the strengthening dollar to push up oil prices.
The front-month contract hit $117 a barrel in electronic trading after markets closed.
Crude oil for May delivery gained $1.83, or 1.6%, to settle at $116.69 a barrel on the New York Mercantile Exchange. It earlier fell to an intraday low of $112.72. The benchmark contract gained 6.2% in the week.

I've requested Settlement already.

lucidstates
posted 32 weeks ago

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