Oil Falls as Iran Rejects Freeze

What was Iran's oil production level before the sanctions?

• 2 million barrels a day

• 3 million barrels a day

• 4 million barrels a day

• 5 million barrels a day

Why is Iran's decision not to cut back on oil production significant?

• It will stabilize the oil market.

• It will lead to a decrease in oil prices.

• It will cause an imbalance in the oil market.

• It will increase the demand for oil.

What is the expected sustainable level of oil prices mentioned in the discussion?

• $50 to $55 a barrel

• $60 to $65 a barrel

• $80 to $85 a barrel

• $70 to $75 a barrel

How does an increase in the US dollar value affect oil prices?

• Oil prices are unaffected.

• Oil prices remain stable.

• Oil prices tend to decrease.

• Oil prices tend to increase.

What is the expected increase in US oil stockpiles according to analysts?

• 4 to 4.5 million barrels

• 3 to 3.5 million barrels

• 2 to 2.5 million barrels

• 1 to 1.5 million barrels