What was the main reason for the difficulty in oil prices breaking above $40?
Virus Surge Dents Oil Demand Recovery Optimism

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Business, Social Studies
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University
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Hard
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5 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Increased oil production
Soft economic data and consumer sentiment
High demand for oil
Strong labor market indicators
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How might a new stay-at-home order in Los Angeles affect oil demand?
Decrease oil demand
Increase oil demand
Increase oil production
Have no effect on oil demand
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the traders' sentiment towards the current oil market?
Concerned about low trading volumes
Excited about high prices
Indifferent to market changes
Optimistic about future growth
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is Russia's strategy regarding its oil exports?
Increase exports to new markets
Flood the market with excess oil
Stop exporting oil
Maintain low export levels
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How is OPEC responding to the potential resurgence of COVID-19 cases in the US?
Ignoring the situation
Maintaining cautious production levels
Reducing oil production
Increasing oil production
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