Created Mon 22nd Jun 2:44pm PST by 
gonegonegone
gonegonegone 
Oil- up or down? August Contract. Which comes first - $65 oil or $75 oil?
Settled as Oil falls to $65 first
As of 2:30 PM EDT on July 6, the price for August contract dropped below $65, finishing at $64.05
Background:
Background: The ominous upward march in price seems to have hit a roadblock. How long can under $70 oil last?
Settlement is based on closing price not intra-day trades.
American light sweet crude (CL on NYMEX)
This is for the August contract.
www.nymex.com/lsco_fut_cso.aspx
Suspends 16 July. Changes over to September contract about 20 July.
Business Editor may suspend question temporarily 1 hour before market closes if close to settlement.
Settlement is based on closing price not intra-day trades.
American light sweet crude (CL on NYMEX)
This is for the August contract.
www.nymex.com/lsco_fut_cso.aspx
Suspends 16 July. Changes over to September contract about 20 July.
Business Editor may suspend question temporarily 1 hour before market closes if close to settlement.
Settlement details:Now for the final price of the August contract.
www.nymex.com/lsco_fut_cso.aspx
Forecast history %
| Oil falls to $65 first |
| |||
| Oil rises to $75 first |
| |||
| Oil does neither before August contract expires |
|
Settled as Oil falls to $65 first on Mon 6th Jul 1:16pm PST
- Activity: H$93,795 |
- Predictions: 376 |
Comments: 5
Suspend date: Thu 16th Jul 3pm PST
Settlement date: Mon 6th Jul 1:16pm PST
Initial likelihoods: Oil falls to $65 first: 35%, Oil rises to $75 first: 45%, Oil does neither before August contract expires : 20%
Action history:
Created Mon 22nd Jun 2:44pm PST by gonegonegone
gonegonegone
Settlement requested Mon 6th Jul 1pm PST by gonegonegone: http://www.nymex.com/lsco_fut_cso.aspx
Closed at $64.05
Settles as Oil falls to $65 first
gonegonegone: http://www.nymex.com/lsco_fut_cso.aspx
Closed at $64.05
Settles as Oil falls to $65 first
Settled as 'Oil falls to $65 first' Mon 6th Jul 1:16pm PST by 
bayoubear![[Admin]](http://www.hubdub.com/images/icon_admin.gif "This user is an admin")
: As of 2:30 PM EDT on July 6, the price for August contract dropped below $65, finishing at $64.05
bayoubear: As of 2:30 PM EDT on July 6, the price for August contract dropped below $65, finishing at $64.05 
Suspend date: Thu 16th Jul 3pm PST
Settlement date: Mon 6th Jul 1:16pm PST details 
Get widget!Predictions (376)
jobhn
predicted Oil rises to $75 first (H$1 at 1%)
predicted Oil falls to $65 first (H$500 at 91%)
predicted Oil rises to $75 first (H$20 at 1%)
predicted Oil falls to $65 first (H$1,000 at 90%)
pmk2668Comments (5)
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The option "neither" still says July - perhaps we could fix that to avoid any confusion?
Thanks.
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