Crude Oil Price on June 27, 2008

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On June 13, G8 are looking for ways to boost economic growth to compensate for record oil prices, just as central bankers gird for an inflation fight. Over the weekend, Saudi Arabia appears ready to cave in to demands from Western governments for the kingdom to make special efforts to increase its production of oil. Analysts forecast that the world's largest producer will shortly raise its output by half a million barrels a day.

But there are also indications that the Saudis will make their own counter-demands when oil producers and consumers meet at an emergency energy summit next weekend. One such requirement might be for Western governments to play their part in adapting to the higher prices by relaxing their domestic taxes on fuel.

The oil price on June 15 is $134.
real-time price: http://www.bloomberg.com/...

Community Prediction in Chance

Community Accuracy:  50%

Top Predictor:   will101 (88% Accuracy)

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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
	8%			> $150
	20%			$140 - $150
	51%			$130 - $140
	11%			$120 - $130
	10%			< $120

STEP 2:  Comment

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