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President Obama 1st 100 days: What will be the price of Crude Oil on March 31, 2009.
Current forecast: $45 to less than $50 a Barrel (28% chance
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Combining all predictions, the current most likely outcome is $45 to less than $50 a Barrel with a probability of 28% (unchanged in last 1 day)
Crude Could Hit $40 a Barrel By April, Deutsche Bank Says
NEW YORK - Crude-oil prices could fall to $40 per barrel by April as demand falls and production becomes more cost-effective, Deutsche Bank said in a report released Wednesday. Prices will fall on "a huge overhang of new, more efficient refining capacity addition into an already-oversupplied market," the investment bank said. The Organization of the Petroleum Exporting Countries potentially needs to cut production by 2.5 million barrels a day to reduce supplies, the bank said, but members of the cartel also have incentives not to cut output because their revenues are falling from lower oil prices.
NEW YORK - Crude-oil prices could fall to $40 per barrel by April as demand falls and production becomes more cost-effective, Deutsche Bank said in a report released Wednesday. Prices will fall on "a huge overhang of new, more efficient refining capacity addition into an already-oversupplied market," the investment bank said. The Organization of the Petroleum Exporting Countries potentially needs to cut production by 2.5 million barrels a day to reduce supplies, the bank said, but members of the cartel also have incentives not to cut output because their revenues are falling from lower oil prices.
Settlement details:
As reported by a major mainstream news source.
Make your prediction!
| Less than $40 a Barrel |
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| $40 to less than $45 a Barrel |
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| $45 to less than $50 a Barrel |
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| $50 to less than $55 a Barrel |
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| $55 to less than $60 a Barrel |
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| $60 to less than $65 a Barrel |
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| $65 to less than $70 a Barrel |
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| $70 to less than $80 a Barrel |
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| $80 to less than $90 a Barrel |
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| $90 or more a Barrel |
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Activity: H$30,687
Question suspends in 10 weeks
Suspend date: Wed 25th Mar 12:59am PDT (10 weeks to go)
Initial likelihoods: Less than $40 a Barrel: 5%, $40 to less than $45 a Barrel: 20%, $45 to less than $50 a Barrel: 15%, $50 to less than $55 a Barrel: 15%, $55 to less than $60 a Barrel: 10%, $60 to less than $65 a Barrel: 10%, $65 to less than $70 a Barrel: 10%, $70 to less than $80 a Barrel: 5%, $80 to less than $90 a Barrel: 5%, $90 or more a Barrel: 5%
Action history:
Suspend date: Wed 25th Mar 12:59am PDT (10 weeks to go)
more info...
Get widget!Predictions (179)
179 predictions
lcsnor
predicted $55 to less than $60 a Barrel (H$75 at 14%)
bobdevine
predicted $50 to less than $55 a Barrel (H$100 at 10%)
theonecalledmichael
predicted $50 to less than $55 a Barrel (H$100 at 8%)
inconceivable
predicted $55 to less than $60 a Barrel (H$99 at 15%)
predicted $55 to less than $60 a Barrel (H$100 at 12%)
shojun
predicted Less than $40 a Barrel (H$20 at 24%)
petefinComments (0)
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score: 10
MarketWatch 1 week ago
36, or 6.7%, at $37.71 a barrel on the New York Mercantile Exchange. Despite the gain, oil finished the week down 11%. Futures are down more than 60% so far this year, poised for their worst year on record since crude started futures trading on the New
score: 10
MarketWatch 2 weeks ago
36, or 6.7%, at $37.71 a barrel on the New York Mercantile Exchange. Despite the gain, oil finished the week down 11%. Futures are down more than 60% so far this year, poised for their worst year on record since crude started futures trading on the New
score: 10
MarketWatch 2 weeks ago
36, or 6.7%, at $37.71 a barrel on the New York Mercantile Exchange. Despite the gain, oil finished the week down 11%. Futures are down more than 60% so far this year, poised for their worst year on record since crude started futures trading on the New
score: 10
MarketWatch 2 weeks ago
36, or 6.7%, at $37.71 a barrel on the New York Mercantile Exchange. Despite the gain, oil finished the week down 11%. Futures are down more than 60% so far this year, poised for their worst year on record since crude started futures trading on the New
score: 10
MarketWatch 2 weeks ago
36, or 6.7%, at $37.71 a barrel on the New York Mercantile Exchange. Despite the gain, oil finished the week down 11%. Futures are down more than 60% so far this year, poised for their worst year on record since crude started futures trading on the New
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