Private Superforecasting Workshop asks:
Will the price for Brent crude oil close below $65.00 per barrel before 1 August 2025?
Closed Apr 7, 2025 09:00PM (2 days ago)
Oil prices have remained relatively calm given Middle East turmoil balanced by lagging demand in China in the fourth quarter of 2024 (US News & World Reporto, Yahoo [Bloomberg]). The question will be suspended on 30 July 2025 if still open and the outcome determined using price data as reported by Google Finance (Google Finance, set to "6M"). On 20 December 2024, the price for Brent crude oil closed at $72.56 per barrel.
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The question closed "Yes" with a closing date of 7 April 2025.
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| Possible Answer | Correct? | Final Crowd Forecast |
|---|---|---|
| Yes | 79% | |
| No | 21% |
Crowd Forecast Profile
| Participation Level | |
|---|---|
| Number of Forecasters | 70 |
| Average for questions in their first 6 months: 153 | |
| Number of Forecasts | 300 |
| Average for questions in their first 6 months: 408 | |
| Accuracy | |
|---|---|
| Participants in this question vs. all forecasters | average |
