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Home arrow Sports News arrow Propositions arrow Wager on Wall Street's Rising Crude Oil Prices (10-29-07)
Wager on Wall Street's Rising Crude Oil Prices (10-29-07) PDF Print E-mail
Written by Robert Johnson
 
Monday, 29 October 2007
Wager on Wall Street Rising Crude Oil Prices

If you care to wager on Wall Street, BetUS has this proposition wager for you. Oil prices have risen to $91.86 a barrel on the New York Mercantile Exchange. This represents the newest record-breaking price of crude oil with no end to further increases in sight.

Oil futures have risen to nearly $7 a barrel, or 8 percent, since the government reported on Wednesday a sharp drop in crude inventories in the United States. Other petroleum futures also rose on Friday. In November gasoline rose 3.82 cents to settle at $2.274 a gallon on the Nymex, while heating oil futures rose 2.41 cents to settle at $2.4325 a gallon.

With oil fears rising as exponentially as the cost, BetUS.com , the largest and most respected sportsbook on the web, posted odds on the future of oil prices.

"It is sad how dependent humans are on oil. I guess it’s a supply and demand situation. We need it and they raise the price on it,” stated BetUS.com spokesman Reed Richards . “As history has shown us, with passing time comes price change. A Coke-a-Cola was a nickel at one point.”

What will the Price of Crude Oil be on 31-12-07?

Here are the odds: as of Fri 11/2 11:11AM (EST)

  • $83.99 or Under +800
  • $84 - $85.99 Inclusive +400
  • $86 - $87.99 Inclusive +300
  • $88 - $89.99 Inclusive +225
  • $90 - $91.99 Inclusive +175
  • $92 - $93.99 Inclusive +150
  • $94 - $95.99 Inclusive +200
  • $96 - $97.99 Inclusive +300
  • $98 - $99.99 Inclusive +500
  • $100 or over +1200

* Note: Graded as per Nymex Crude Future price per Barrel on the NY Stock Exchange

 

If your a Wall Street wagering type BetUS has Additional sports and entertainment odds that can be found at:

www.BetUS.com

 

Visit Betus.com





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Last Updated ( Tuesday, 30 October 2007 )
 
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