Will the price of West Texas Intermediate (WTI) oil exceed $85 per barrel at the end of October?

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§ Judgement rule

How will the final result of the question be determined?

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Reference date: Oct. 31, 2023, 17:00 EDT

Answer options

Widget Price
● No
88.22 %
● Yes
11.77 %

Price trend

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Wiki article

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We will use the November 2023 futures contract. If it expires before the due date we will use December 2023 futures.

We will use the prior settled last price on  to expire the contract. This is available on the CME page, https://www.cmegroup.com/trading/energy/crude-oil/light-sweet-crude_quotes_globex.html

 

DETAILS:

Oil futures trade 6pm-5pm ET (e.g. opens at 6pm and closes at 5pm, having a one hour break),
https://www.cmegroup.com/trading/energy/crude-oil/light-sweet-crude_contractSpecs_futures.html
We will use the LAST listed on the expiry source for contracts,
https://www.cmegroup.com/trading/energy/crude-oil/light-sweet-crude_quotes_globex.html
which is the price at 5pm.

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