Crude Oil Price on July 25, 2008

• 41%
  accuracy

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On July 11, oil rallied to a record high of $146.90 a barrel in New York after the Jerusalem Post said Israeli war planes practiced over Iraq, adding to speculation the country is preparing to attack Iran. A Brazilian union said it plans a five-day strike on platforms that pump 80% of the country's crude and Nigerian militants pledged to renew attacks on oil facilities.

The price was fluctuating in-between $134 - $146 in our last prediction period. It is getting harder to predict as the price is so sensitive to news.

The oil price on July 11 is about $144.7
real-time price: http://www.bloomberg.com/...

Community Prediction in Chance

Community Accuracy:  41%

Top Predictor:   superhero (68% 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
	2%			> $160
	18%			$150 - $160
	38%			$140 - $150
	26%			$130 - $140
	16%			< $130

STEP 2:  Comment

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