salinsky wrote:The ROCKMAN has challenged us guessers as to what the closing price for WTI and Brent will be on the last bidness day of October.
I guess WTI 48.12 Brent a couple bucks more. I'd like to see some guesses from the rest of the prognosticators. Come on, have a go at it!
SAl
salinsky wrote:Ay dios mio I predicted my downfall three weeks ago. The only thing that can bring me back to first place is if de Norte Americanos start driving all over de hell for no reason, and then be bringing up the prices.
Plantagenet wrote:I must be the only person left who still believes in peak oil.
Every year my high price estimate is way too high because I keep expecting peak oil to kick in.
COME ON PEAK OIL. ANY DAY NOW. OIL PRICE GOING UP UP UP. YOU CAN DO IT!!!!
PeakOiler wrote:There were no changes in the standings this week.
Oil prices jumped more than 3 percent on Wednesday, with U.S. crude futures returning to above $40 a barrel, after a larger-than-expected gasoline draw offset a surprise build in crude stockpiles in the No. 1 oil consumer.
U.S. crude inventories rose for a second week in a row, gaining 1.4 million barrels last week, compared with analysts' expectations for a decrease of 1.4 million barrels, Energy Information Administration (EIA) data showed.
Gasoline stocks slumped by 3.3 million barrels, versus forecasts for a 200,000-barrel drop. The large draw assuaged some market participants' worry of a gasoline glut amid the peak U.S. summer driving season.
U.S. West Texas Intermediate (WTI) crude CLc1 settled up $1.32, or 3.3 percent, at $40.83 a barrel. On Tuesday, it settled below $40 a barrel for the first time since April.
Goldman Sachs held its 2017 forecast of $52.50 and near-term range of $45-$50 for WTI.
radon1 wrote:It would be interesting to see how the participants did altogether during the years when the challenge was held. In other words, how the total averages across all participants corresponded to the actuals, in the form of a diagram or a table with the place that "the average participant" took in the ranks. Who knows, such analysis may produce interesting results.
PeakOiler wrote:OK, at Radon's request, I put together the following data since 2009. This does not include pupp55's previous games:
radon1 wrote:Oh, thanks a lot! It doesn't look like the group as a whole has a vast predicting power, even though some close matches did take place. 2013 one was really good actually, I wonder why. May be because of altogether lower volatility at that time.
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