Will oil (Brent Crude) drop below US$70/barrel by the end of Friday 17 Oct 2008

Suspend date: Thu 16th Oct 8:59pm PDT Settlement date: Thu 16th Oct 3:52am PDTPrediction cut-off: Predictions on this question after Thu 16th Oct 1:45am PDT have been voided because they were made after the question could be settled

Initial likelihoods: Yes: 60%

Action history:

Created Fri 10th Oct 12:07pm PDT by yoga

Changed Suspend date Sat 11th Oct 3:14am PDT by bayoubear: was: "2008-10-17 19:59:00"

Settlement requested Wed 15th Oct 1:43pm PDT by bgrigore: Dated Brent Spot price below $70 at 16.08, as reported by Bloomberg

Settlement requested Wed 15th Oct 5:20pm PDT by buckeyetom: it closed today at $69.58.
Source:
http://www.bloomberg.com/markets/commodities/energyprices.html

I know the time of close was around 1pm MST. I can't pin it down to the minute. Look at the time of the last comment posted to the question, I'd say that was pretty accurated.
Thanks,
Tom

Settlement requested Thu 16th Oct 1:46am PDT by elly: Yes,

High 71.520
Low 68.840

http://www.reuters.com/finance/commodity?symbol=GB@IB.1

Settled as 'Yes' Thu 16th Oct 3:52am PDT by bayoubear: Brent Crude dropped to 68.84 during trading on 10/16

Suspend date: Thu 16th Oct 8:59pm PDT Settlement date: Thu 16th Oct 3:52am PDTPrediction cut-off: Predictions on this question after Thu 16th Oct 1:45am PDT have been voided because they were made after the question could be settled
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