Oil- up or down? July Contract. Which comes first - $55 oil or $65 oil?

Settled as Oil reaches $65 first

OIl closed above $65 on Thursday, May 28....

Settlement set for 4 PM EDT, 5/28

Background:

Background: Uh oh! Above $60 again. Are we in store for more pain at the pump?

American light sweet crude (CL on NYMEX)

This is for the July contract. Changeover from June contract is about 20 May.
www.nymex.com/lsco_fut_cso.aspx

Suspends 17 June.

Business Editor may suspend question temporarily 1 hour before market closes if close to settlement.

Settlement details:Now for the final price of the July contract.
www.nymex.com/lsco_fut_cso.aspx

Forecast history %

Oil reaches $65 first

99%

Oil reaches $55 first

Oil does neither before July contract expires

Settled as Oil reaches $65 first on Sun 31st May 5:44am PST

Activity: H$75,474
Predictions: 224
Comments: 3

Suspend date: Wed 17th Jun 5am PST
Settlement date: Sun 31st May 5:44am PST

Initial likelihoods: Oil reaches $65 first: 50%, Oil reaches $55 first: 30%, Oil does neither before July contract expires : 20%

Action history:

Created Tue 19th May 12:03am PST by

gonegonegone Level 15, Seer (H$321,893)

Suspended Thu 28th May 1:24pm PST by

bayoubear [Admin]

: checking data

Settlement requested Fri 29th May 4:21am PST by

mickeydaniel Level 16, Oracle (H$885,066)

: Oil closed above $65 on May 28 at $65.08. http://finance.yahoo.com/news/Oil-hits-new-6month-high-apf-15379885.html?sec=topStories&pos=2&asset=&ccode=

Settled as 'Oil reaches $65 first' Sun 31st May 5:44am PST by

bayoubear [Admin]

: OIl closed above $65 on Thursday, May 28....

Settlement set for 4 PM EDT, 5/28

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