After a year of competition, the price of Brent crude closed at $52.20 a barrel, and congratulations began to pour in on Twitter. It was last Friday and — for the third time in four years — I looked like a strong shot to win the Oil Bet, an annual contest among some two dozen energy analysts, academics and reporters to project Brent's year-end price. A snarky suggestion from a former BP executive was that Goldman Sachs — itself far out of the money — put me on the payroll.
Yes, but: In the most topsy-turvy market in a decade, everyone knew that actually anything could happen, and on Monday, in the final two hours of trading for the year, it did — oil prices made a dramatic bullish lurch. The crown went to Brian Scheid, of S&P Global Platts.