Crude Oil Price on Aug 25, 2008

• 53%
  accuracy

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The decline in oil since July has eased investors' concerns about the drag of rising prices on the economy, but its move off its lowest levels deflated a stock market rally that built upon steep gains last week. Light, sweet crude fell 75 cents to settle at 114.45 dollars per barrel on the New York Mercantile Exchange after dipping as low as 112.72 dollars, its lowest level since early May.

Falling oil prices and the continuing problems in the financial sector have competed for Wall Street's attention in recent sessions, with oil sending stocks higher and credit-related news tending to limit or halt the rallies.

The oil price on Aug 11 was about $115.
real-time price: http://www.bloomberg.com/...

Community Prediction in Chance

Community Accuracy:  53%

Top Predictor:   oilman (80% Accuracy)

(show accuracy distribution▼)

Rank Accuracy A >= 90% B >= 80% C >= 70% D >= 60% E >= 40% F < 40%

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	ZiiValue (chance)	Answer	MyValue (0% to 100% chance)	Possible Outcomes
	3%			> $130
	18%			$120 - $130
	34%			$110 - $120
	38%			$100 - $110
	6%			< $100

STEP 2:  Comment

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