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Will the price of Oil end the week closer to $110.00 or $120.00 / barrel? (April 21st-25th)

Settled as Closer to $120.00 / barrel

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

Background:

This question asks, with $115.00 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, $110.00 / barrel or $120.00 / barrel? ... Remember, $115.00 is the middle point, so let's say you think Oil will end the week near $109.09 / barrel then you will want to pick "Closer to $110.00 / barrel" however, if you think Oil will close around $117.02 / barrel, then you will want to choose the option "Closer to $120.00 / barrel." Now if Oil closes on Friday at $114.99 / barrel, then the "Closer to $110.00 / barrel" will WIN, if it closes on Friday at $115.01 / barrel, then "Closer to $120.00 / barrel" will WIN, however, if it closes on Friday at $115.00 / barrel then "Closes at Exactly $115.00 / 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 25th of April.


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

 
Forecast history, %
   Zoom in

Settled

Closer to $110.00 / barrel
41%
Closes at Exactly $115.00 / barrel
5%
Closer to $120.00 / barrel
55%
Activity: H$82,050
Settled as Closer to $120.00 / barrel on Fri 25th Apr 1:49pm PDT

Suspend date: Fri 25th Apr 6:05am PDT Settlement date: Fri 25th Apr 1:49pm PDTPrediction cut-off: Predictions on this question after Fri 25th Apr 6:05am PDT have been voided because they were made after the question could be settled

Initial likelihoods: Closer to $110.00 / barrel: 49%, Closes at Exactly $115.00 / barrel: 1%, Closer to $120.00 / barrel: 50%

Action history:

Created Sun 20th Apr 3:48pm PDT by lucidstates
Suspended Fri 25th Apr 6:05am PDT : Suspend date reached
Settled as 'Closer to $120.00 / barrel' Fri 25th Apr 1:49pm PDT by andrew: http://www.nymex.com/lsco_fut_cso.aspx

Suspend date: Fri 25th Apr 6:05am PDT Settlement date: Fri 25th Apr 1:49pm PDTPrediction cut-off: Predictions on this question after Fri 25th Apr 6:05am PDT have been voided because they were made after the question could be settled
more info...

 

Predictions (124)

124 predictions

31 weeks ago
ph272 predicted Closer to $120.00 / barrel (H$100 at 54%)
31 weeks ago
triathematician predicted Closer to $110.00 / barrel (H$100 at 41%)
31 weeks ago
brixtolay predicted Closer to $120.00 / barrel (H$300 at 54%)
31 weeks ago
hoernla predicted Closer to $120.00 / barrel (H$20 at 52%)
31 weeks ago
constable1664 predicted Closer to $120.00 / barrel (H$20 at 59%)
more

Comments (7)

Wow what fluctuations man!! And I still can't bet as my 12 hours are not up :-/
posted 32 weeks ago
  2 chatarra
This market looked to be easy to figure out, until today. Man - Oh - Man. . .
posted 31 weeks ago
Wow I am down like $6k on this question!!! ... I believe it will end above $115.01 but wow I am nervoussssss now :-/
posted 31 weeks ago
Well, for todays trading, Oil is currently tracking to open right around $115.56 / barrel after sliding just $0.50 in Asian trade ... Oil fell more than $2.20+ yesterday but doesn't appear likely to repeat such a significant move today.
I do not know where it'll end up, haha, but I have $10k saying it ends at or above $115.01, so here's hopin' :-D

lucidstates
posted 31 weeks ago
  5 bayoubear[Admin]
Reports out of Nigeria may cause a shift back up, keeping that wager safe...I hope so too, I need to make up some ground after some losses yesterday
posted 31 weeks ago
  6 chatarra
Well, I lose 6100.00 on this one.
I changed my original bet to take a long-shot because I thought the price would end up below 115.00.

Then news reports this morning say:
Ship hired by U.S. military fires warning shots in Gulf
http://www.reuters.com/article/topNews/idUSWAT00939920080425?feedType=RSS&feedName=topNews&rpc=22&sp=true

If they only could have waited till Monday. . .
posted 31 weeks ago
WOW what a comeback! ... I bet $10k and was worth LESS than $4k as of yesterday, I was sooooooo nervous I was gonna be out $10 grand or over 1/3 of my entire account, hahaha, but it came back, Thank You US Government!! :-D ... I only made a tidy 20% profit, so my $10k ended up at $12k, but I'll take it man! Whew what a nerve racking week :-D

lucidstates
posted 31 weeks ago

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