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Will the price of oil go below $80/barrel in September 2008?

Settled as No

Settled as NO as the price of oil never dropped below $80.00

Background:

Background: The price of oil is in freefall, having shed almost $10/barrel in two days, September 15 & 16th. Will it keep falling, or stabilize? Specifically, will it go below $80/barrel this month?

CatEds Note: Price of oil has to actually close for the day below $80.00 to settle as a YES. A momentary dip below $80.00 does not settle the question.

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

 
Forecast history %
Yes
5%
No
95%
Settled as No on Tue 30th Sep 2008 12:36pm PST

Suspend date: Mon 29th Sep 2008 11:59pm PST
Settlement date: Tue 30th Sep 2008 12:36pm PST
Prediction cut-off: Predictions on this question after Mon 29th Sep 2008 11:59pm PST have been voided because they were made after the question could be settled

Initial likelihoods: Yes: 50%

Action history:

Created Wed 17th Sep 2008 5:08am PST by rpfreely
Suspended Mon 29th Sep 2008 11:59pm PST : Suspend date reached
Settled as 'No' Tue 30th Sep 2008 12:36pm PST by bayoubear[Admin]: Settled as NO as the price of oil never dropped below $80.00

Suspend date: Mon 29th Sep 2008 11:59pm PST
Settlement date: Tue 30th Sep 2008 12:36pm PST
Prediction cut-off: Predictions on this question after Mon 29th Sep 2008 11:59pm PST have been voided because they were made after the question could be settled details

 

Predictions (88)

1 year ago
greg77 predicted No (H$1,000 at 95%)
1 year ago
notablenotices[Power User] predicted Yes (H$20 at 5%)
1 year ago
bobdevine predicted No (H$9,999 at 99%)
1 year ago
bobdevine predicted No (H$9,999 at 98%)
1 year ago
andreevna predicted No (H$20 at 97%)

Comments (1)

  1 bayoubear[Admin]
<<Light, sweet crude for October delivery rose $1.45 to $92.60 a barrel in early trading on the New York Mercantile Exchange.

Some recovery in crude was expected after the contract dropped $10 in the previous two sessions, bringing prices to their lowest level in seven months and down 8 percent for the year. >> Wednesday, September 17.

http://www.msnbc.msn.com/id/12400801/

Just a little point of reference for this question
posted 1 year ago

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