What will be the spot price per barrel for West Texas Intermediate (WTI) crude oil on 31 December 2024?
Closed Dec 31, 2024 08:01AM UTC
Despite ongoing tensions on various fronts in the Middle East, oil prices have remained relatively stable in 2024 (US News & World Report, CNBC, Yahoo [Reuters]). The question will be suspended on 30 December 2024 and the outcome determined using the spot price per barrel per the US Energy Information Administration (EIA) as reported by the Federal Reserve Economic Data (FRED) database, expected in January 2025 (FRED). On 19 August 2024, the spot price for WTI was $75.82.
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The question closed "At least $66.00, but less than $74.00" with a closing date of 31 December 2024.
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| Possible Answer | Correct? | Final Crowd Forecast |
|---|---|---|
| Less than $58.00 | 0% | |
| At least $58.00, but less than $66.00 | 1% | |
| At least $66.00, but less than $74.00 | 93% | |
| At least $74.00, but less than $82.00 | 6% | |
| At least $82.00, but less than $90.00 | 0% | |
| At least $90.00, but less than $98.00 | 0% | |
| At least $98.00, but less than $106.00 | 0% | |
| At least $106.00, but less than $114.00 | 0% | |
| $114.00 or more | 0% |
Crowd Forecast Profile
| Participation Level | |
|---|---|
| Number of Forecasters | 46 |
| Average for questions older than 6 months: 160 | |
| Number of Forecasts | 361 |
| Average for questions older than 6 months: 474 | |
| Accuracy | |
|---|---|
| Participants in this question vs. all forecasters | average |
