What is the primary factor driving oil prices according to the first section?
Oil's Rollercoaster Ride Turns Lower to Close Out 2018

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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Physical oil supply
Speculators and financial obligations
Technological advancements
Government regulations
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How is Russia attempting to influence the oil market according to the second section?
By increasing oil production
By withdrawing from international agreements
By imposing sanctions on other countries
By making reassuring statements and committing to cuts
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does the term 'contango' refer to in the context of the oil market?
A situation where future oil prices are lower than current prices
A situation where future oil prices are higher than current prices
A sudden drop in oil prices
A stabilization of oil prices
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What historical contango level is mentioned as significant in predicting market trends?
$15
$7-$8
$20
$2
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the main concern for oil producers in the current market environment?
Increased competition from renewable energy
High production costs
Lack of technological innovation
The need to withstand financial pressure and potential bankruptcies
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the expected outcome before the oil market stabilizes according to the final section?
A decrease in global oil demand
Further bankruptcies among producers
New government regulations
A significant increase in oil prices
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which company is mentioned as a potential indicator of market bottoming?
ExxonMobil
Chevron
BP
Southwestern
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