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What will be the peak price for crude oil in 2008?

POSSIBLE ANSWERS PREDICTED CHANCE TODAY
PREDICTED
0.72%
ACTUAL
0.00%
PREDICTED
98.44%
ACTUAL
100.00%
PREDICTED
0.29%
ACTUAL
0.00%
PREDICTED
0.32%
ACTUAL
0.00%
PREDICTED
0.25%
ACTUAL
0.00%
PREDICTED
0.22%
ACTUAL
0.00%
PREDICTED
0.22%
ACTUAL
0.00%
PREDICTED
0.22%
ACTUAL
0.00%
PREDICTED
0.34%
ACTUAL
0.00%

Question ends

December 31, 2008 @ 12:00am PST
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Predictions Made

128 (Most: wstritt)
Discussion

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wstritt   •   Thu Jan 01 2009 at 08:05am PST
Peak crude price for WTI was $145.31 on July 3rd.

http://tonto.eia.doe.gov/dnav/pet/hist/rwtcd.htm

Frod   •   Thu Jul 03 2008 at 05:56am PDT
Benchmark topped 141.06 on 1 July.
Frod   •   Sat Jun 28 2008 at 07:28am PDT
Bloomberg reports a close of $140.21; suspended 130-139.99.
wstritt   •   Thu May 29 2008 at 12:52pm PDT
Crude hit $132.99 on 5/21/08 per DOE web site. Less that $130 should cash out at $0.

http://tonto.eia.doe.gov/dnav/pet/pet_pri_spt_s1_d.htm

As an aside, it may be worth using Bloomberg or some other reference source that is updated more frequently as the 5/21 data did not get posted by the DOE until 5/29 as they only seem to update thier site once a week.

Frod   •   Mon Jun 02 2008 at 07:38am PDT
I agree. Unfortunately, the DoE site is the only reputable site I’ve found that is verifiable by all Inkling traders (meaning market traders here can verify prices for past dates without a subscription). Bloomberg would be a good choice, but they only list the current spot price (no historical data that I can find); futures and contract closes are more accessible, but I thought they might be more confusing to the average Inkling trader.

Reasons for Prediction

"Oil demand falling, price dropping, looks like $147 may have been the peak."
$150 to $159.99
August 13, 2008 @ 01:52am PDT

historical trend

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