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 Saturday, March 25 2006 @ 01:07 PM EST

Oilcast CDex correctly forecasted record NYMEX price


NewsThe Oilcast CDex (Cooperative Price Forecast Index) was $1.88 off the actual average NYMEX price for the week.
Oilcast.com readers and listeners correctly predicted a record NYMEX average price.

The actual price was $64.91
The Oilcast CDex was $63.03
Our forecast was $1.88 too low.

This week's CDex is $65.78. Oilcast.com would just like to say we are taking a two week summer holiday and we will return on September 6th

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