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Created Sun 7th Sep 2008 3pm PST by ecahoon

Will the U.S. OIL FUND ETF (USO) close below $80 before Friday, Sept 12th?

Settled as No

Settled as NO as it closed at 81.73 on Friday and never closed below 80.00 during this market period

Background:

Background: Since most investors don't deal with oil futures, the most approachable instrument for trading oil is the Oil ETF - symbol USO. The USO does not mirror the oil futures or spot market dollar to dollar, but it is an indicator of the the direction the oil markets are moving. USO closed at $86.06 on Friday, Sept 5th.

Settlement link is http://finance.yahoo.com/q?s=uso

Settlement details:As reported by a major mainstream news source - Yahoo Finance - http://finance.yahoo.com/q?s=uso

 
Forecast history %
Yes
30%
No
70%
Settled as No on Fri 12th Sep 2008 12:50pm PST

Suspend date: Fri 12th Sep 2008 3:59am PST
Settlement date: Fri 12th Sep 2008 12:50pm PST
Prediction cut-off: Predictions on this question after Fri 12th Sep 2008 3:59am PST have been voided because they were made after the question could be settled

Initial likelihoods: Yes: 60%

Action history:

Created Sun 7th Sep 2008 3pm PST by ecahoon
Suspended Fri 12th Sep 2008 3:59am PST : Suspend date reached
Settled as 'No' Fri 12th Sep 2008 12:50pm PST by bayoubear[Admin]: Settled as NO as it closed at 81.73 on Friday and never closed below 80.00 during this market period

Suspend date: Fri 12th Sep 2008 3:59am PST
Settlement date: Fri 12th Sep 2008 12:50pm PST
Prediction cut-off: Predictions on this question after Fri 12th Sep 2008 3:59am PST have been voided because they were made after the question could be settled details

 

Predictions (28)

42 weeks ago
lachapin predicted No (H$20 at 70%)
42 weeks ago
lachapin predicted No (H$20 at 70%)
42 weeks ago
pepe predicted No (H$300 at 69%)
42 weeks ago
3mta3 predicted Yes (H$50 at 40%)
42 weeks ago
ecahoon predicted Yes (H$20 at 40%)

Comments (1)

  1 ecahoon
Dang - I was off by one trading day. USO would be well below $80 by Monday's close.
posted 41 weeks ago

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