What will be the closing spot price for Brent crude oil on 19 May 2023?
Closed May 18, 2023 11:59PM UTC
Sanctions on Russian oil, potential increases in Chinese demand, and OPEC+ policy are all impacting prices in the near and intermediate term (NASDAQ, CNBC, CNN). The question will be suspended on 18 May 2023 and the outcome determined using US Energy Information Administration data as first reported by the Federal Reserve Economic Data database (FRED).
Confused? Check our FAQ or ask us for help. To learn more about Good Judgment and Superforecasting, click here.
To learn more about how you can become a Superforecaster, see here. For other posts from our Insights blog, click here.
The question closed "More than $70.00 but less than $85.00 per barrel" with a closing date of 19 May 2023.
See our FAQ to learn about how we resolve questions and how scores are calculated.
| Possible Answer | Correct? | Final Crowd Forecast |
|---|---|---|
| Less than $55.00 per barrel | 0% | |
| Between $55.00 and $70.00 per barrel, inclusive | 6% | |
| More than $70.00 but less than $85.00 per barrel | 91% | |
| Between $85.00 and $100.00 per barrel, inclusive | 2% | |
| More than $100.00 but less than $115.00 per barrel | 1% | |
| $115.00 or more | 0% |
Crowd Forecast Profile
| Participation Level | |
|---|---|
| Number of Forecasters | 92 |
| Average for questions older than 6 months: 206 | |
| Number of Forecasts | 403 |
| Average for questions older than 6 months: 584 | |
| Accuracy | |
|---|---|
| Participants in this question vs. all forecasters | average |
