What will be the spot price per barrel for West Texas Intermediate (WTI) crude oil on 30 September 2024?
Closed Sep 30, 2024 07:01AM UTC
In May 2024, US oil prices were down from 2024 highs reached in April despite continued violence in the Middle East and potential OPEC+ actions (CNBC). The question will be suspended on 29 September 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 October 2024 (FRED). On 9 May 2024, the spot price for WTI was $80.86.
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The question closed "At least $68.00, but less than $76.00" with a closing date of 30 September 2024.
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| Possible Answer | Correct? | Final Crowd Forecast |
|---|---|---|
| Less than $60.00 | 2% | |
| At least $60.00, but less than $68.00 | 19% | |
| At least $68.00, but less than $76.00 | 76% | |
| At least $76.00, but less than $84.00 | 3% | |
| At least $84.00, but less than $92.00 | 0% | |
| At least $92.00, but less than $100.00 | 0% | |
| At least $100.00, but less than $108.00 | 0% | |
| At least $108.00, but less than $116.00 | 0% | |
| $116.00 or more | 0% |
Crowd Forecast Profile
| Participation Level | |
|---|---|
| Number of Forecasters | 57 |
| Average for questions older than 6 months: 187 | |
| Number of Forecasts | 541 |
| Average for questions older than 6 months: 542 | |
| Accuracy | |
|---|---|
| Participants in this question vs. all forecasters | average |
