Crude Oil Price on July 11, 2008

• 60%
  accuracy

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Crude oil for August delivery rose as much as $2.62 a barrel, or 1.9 percent, to $142.26 in electronic trading on the New York Mercantile Exchange. It was at $140.89 at 1:33 p.m. London time. Oil has gained 47 percent this year, headed for the biggest six-month gain since 1999, as recession concerns have pushed the MSCI World Index of global equity markets down 12 percent.

Oil may rise further if the European Central Bank boosts rates on July 3, further weakening the U.S. dollar. On June 26, Libya threatened to cut output and OPEC's president said prices may reach between $150 and $170 within months.

The oil price on June 27 is $140.21
real-time price: http://www.bloomberg.com/...

Community Prediction in Chance

Community Accuracy:  60%

Top Predictor:   DMMc (100% 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
	7%			> $160
	30%			$150 - $160
	36%			$140 - $150
	18%			$130 - $140
	8%			< $130

STEP 2:  Comment

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