THE 2012 PO.com Oil Price Challenge

[PeakOiler]

It appears that a new high price will be reported in next week's report from the EIA. According to the Dukascopy ticker (link above), WTI close and high price was about $103.95. The floor price was a little lower, but I think it still set a new high price for the year. The range increases...

kublikhan may be #1 next week. We'll see what happens. If there is a change in the lead or new high price is set for the year, I'll post another scorecard.

The horses are now running neck-to-neck for the lead!

(..."your just banging two coconut shells together...")

[pup55]

I have to say I am feeling pretty good about this graph which predicted about 105 by mid-February....this does not ensure me any love and respect yet...

I am glad we got 38 participants... still pretty good.

[Beery1]

Am I mistaken, or did Cog and Repent just get taken out of the running with today's figures?

[kublikhan]

Yes, let's see the updated chart. If I am the new king of the hill, I need to let Cog know he is my new man servant.

[Cog]

Bring forth a new chart so I can relish my continued dominance of this upstart kubikhan.

[PeakOiler]

I'll post a new scorecard after the EIA releases their report on Thursday.

If WTI closed yesterday just shy of $106, then that would mean kublikhan is #1, Cog is #2, and Daniel_Plainview is #3.

We'll also have to see what the price does today.

[Ferretlover]

I have no idea what crude per barrel will be, but whatever it is, I am thinking that it is about time for $4 (and up) gasoline to become the new norm is the US.

[Beery1]

At the rate the price is rising, eXpat might have a chance at the lead before the end of the month.

[eXpat]

At the rate the price is rising, eXpat might have a chance at the lead before the end of the month.

I hope so!!
BTW 108 electronic trading!! http://www.marketwatch.com/investing/future/crude%20oil%20-%20electronic

[PeakOiler]

Here's the latest scorecard:



I did notice that today the price has jumped up even more, above $108.60!

There may be a new leader next week!

[SteinarN]

It's still a longe time left, but I'm starting to wonder if my low prediction of 85 will prove to be too low. If so, this years low will be by far the highest low price ever for a given year.

[sparky]

.
Yes Steinar, all the low bid have a big hole in their keels
that include me
due to the form of the competition , the low bid have an inbuilt advantage
for the first quarters , don't despair ,
nothing that a world economic Armageddon will not solve

[careinke]

109.54 and rising.

http://www.marketwatch.com/investing/future/crude%20oil%20-%20electronic

Edit: I'm throwing my keyboard away!!!

[vtsnowedin]

At the present rate of a dollar a day rise I could hit the top of the chart in just twenty business days. Then I need a pop to the speculation bubble to let it crash back to $83.50 to hit my low prediction before it heads back to $100 support level with a nice little run up in December to settle at $114. All still quite within the realm of possibility but hitting that low is becoming a long shot.

[eXpat]

Cough, cough it did almost touch $110 ($109.97)
http://www.marketwatch.com/investing/future/crude%20oil%20-%20electronic

[Pops]

Man was I wrong!. I thought we'd fiddle around through winter and hit my low of 90, then zing up to 115 in July, just in time to choke the economy, then dribble down to 110 for the highest ever winter price to close.

Maybe we'll hit the 115 soon, then crash back to 90 and end at $110.

[sparky]

.
The lows have been cancelled for a few years now
it seems that the low of the year is the first quoted price , after it's all up

[ColossalContrarian]

.
The lows have been cancelled for a few years now
it seems that the low of the year is the first quoted price , after it's all up

We'll see, I bet it will plummet before November but that's just my WAG. Somewhere in the high 70's, low 80's by New Year.

[dolanbaker]

The lows still have a chance after the rise has crested!

[PeakOiler]

I think the chart that pup55 posted on the previous page may be close to what occurs.

There's still quite a long race yet!

I'm not going to bet pup this year... Well, perhaps some hg peaches (if there's a good crop) for another beer or two.