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Will the price of Oil end the week closer to $114.00 or $122.00 / barrel? (April 28th-May 2nd)

Settled as Closer to $114.00 / barrel

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

Background:

This question asks, with $118.00 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, $114.00 / barrel or $122.00 / barrel? ... Remember, $118.00 is the middle point, so let's say you think Oil will end the week near $116.69 / barrel then you will want to pick "Closer to $114.00 / barrel" however, if you think Oil will close around $119.84 / barrel, then you will want to choose the option "Closer to $122.00 / barrel." Now if Oil closes on Friday at $117.99 / barrel, then the "Closer to $114.00 / barrel" will WIN, if it closes on Friday at $118.01 / barrel, then "Closer to $122.00 / barrel" will WIN, however, if it closes on Friday at $118.00 / barrel then "Closes at Exactly $118.00 / barrel" will WIN. This question suspends early Friday to prevent problems with betting near the close of the trading day and will be Settled after the markets CLOSE this Friday the 2nd of May.


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

 
Forecast history, %
   Zoom in

Settled

Closer to $114.00 / barrel
98%
Closes at Exactly $118.00 / barrel
0%
Closer to $122.00 / barrel
2%
Activity: H$27,069
Settled as Closer to $114.00 / barrel on Fri 2nd May 1:20pm PDT

Suspend date: Fri 2nd May 5:20am PDT Settlement date: Fri 2nd May 1:20pm PDTPrediction cut-off: Predictions on this question after Fri 2nd May 5:20am PDT have been voided because they were made after the question could be settled

Initial likelihoods: Closer to $114.00 / barrel: 44%, Closes at Exactly $118.00 / barrel: 1%, Closer to $122.00 / barrel: 55%

Action history:

Created Mon 28th Apr 1:17am PDT by lucidstates
Suspended Fri 2nd May 5:20am PDT : Suspend date reached
Settled as 'Closer to $114.00 / barrel' Fri 2nd May 1:20pm PDT by andrew: http://www.nymex.com/lsco_fut_cso.aspx

Suspend date: Fri 2nd May 5:20am PDT Settlement date: Fri 2nd May 1:20pm PDTPrediction cut-off: Predictions on this question after Fri 2nd May 5:20am PDT have been voided because they were made after the question could be settled
more info...

 

Predictions (42)

42 predictions

30 weeks ago
constable1664 predicted Closer to $114.00 / barrel (H$50 at 98%)
30 weeks ago
myunion predicted Closer to $114.00 / barrel (H$50 at 98%)
30 weeks ago
lucidstates predicted Closer to $114.00 / barrel (H$5,000 at 98%)
30 weeks ago
antagonist predicted Closer to $122.00 / barrel (H$100 at 2%)
30 weeks ago
drachenstein predicted Closer to $114.00 / barrel (H$540 at 86%)
more

Comments (2)

HONG KONG (MarketWatch) - Crude-oil futures hit a new record Monday near the $120 a barrel after a strike at Scottish refinery forced a pipeline closure while rebel attacks in Nigeria and tension in Persian Gulf also fanned concerns about supply disruptions.
Crude oil for June delivery climbed 84 cents to $119.36 a barrel in electronic trading in mid-afternoon Tokyo hours. Earlier in the session the front-month contact climbed to a record $119.93 a barrel.

Something to consider :-/
posted 31 weeks ago
What a whacky week this was man!!! ... Who wants to join me for some shots? :-P
posted 30 weeks ago

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