Crude Oil Price on May 15, 2008

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On Apr 30, crude oil fell more than $2 a barrel after the Energy Department reported that U.S. supplies rose more than forecast and the Federal Reserve lowered interest rates.

Stockpiles climbed 3.85 million barrels to 319.9 million barrels last week, the report showed. A 900,000 barrel gain was forecast by 13 analysts surveyed by Bloomberg News. The Fed lowered its main interest rate by a quarter-point to 2 percent, the seventh cut since September.

Oil price still has the momentum to break the record-high ($118.75 on Apr 28, 2008). What do you think?

	ZiiValue (chance)	Answer	MyAnswer (which outcome happened?)	Possible Outcomes
	54%		> $120	> $120
	19%		$115 - $120	$115 - $120
	19%		$110 - $115	$110 - $115
	8%		< $110	< $110

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