Falling Oil Prices Cramp Mr. Putins Style

The video discusses the current state of energy stocks and oil markets, highlighting Kuwait's prediction of oil prices stabilizing at $65 per barrel. This price point poses challenges for countries like Venezuela, Nigeria, and Russia, which rely on higher oil prices to balance their budgets. Russia, in particular, faces economic difficulties, with rising bond yields and increased default insurance costs. The Russian Central Bank may raise interest rates to stabilize the ruble, but the outcome remains uncertain.

What price per barrel does Kuwait predict oil will stabilize at over the next six months?

• $75

• $65

• $50

• $85

Which countries are mentioned as facing budgetary issues due to low oil prices?

• Venezuela, Nigeria, and Russia

• Norway, Sweden, and Finland

• Canada, Mexico, and Brazil

• Saudi Arabia, Iran, and Iraq

What is the impact of crashing oil prices on President Putin's economic strategy?

• It strengthens his economic strategy

• It has no impact

• It challenges his economic strategy

• It improves his international relations

What financial indicator for Russia reached a five-year high?

• Unemployment rate

• Stock market index

• Inflation rate

• Cost to insure against default

What action might the Russian Central Bank take to address the economic situation?

• Lower interest rates

• Increase interest rates

• Reduce taxes

• Print more money