Question Details

Oil Price, what next?

Oil Price, what next?

Asked by: Super Userkruijs in Business » Indices
Settled on 06/11/2011 06:35 Settled by Super Userkruijs
Winning option:0$/barrel Closed at 99.29 on Friday
http://www.marketwatch.com/investing/future/CL1N/historical

Predictions

105$/barrel
100$/barrel

Background

Crude-oil futures closed higher Thursday, as a surprise decision by key oil producers to keep production quotas unchanged and a bigger-than-expected drop in U.S. crude inventories fed concerns about tighter supplies, lifting prices to nearly $102 a barrel.

Light, sweet crude for July delivery gained $1.19, or 1.2%, to settle at $101.93 a barrel on the New York Mercantile Exchange. It touched a high of $102.44 earlier in the trading session.

http://www.marketwatch.com/story/oil-extends-gains-after-opec-holds-output-2011-06-09

Find similar: oil, crude

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