Oil Hit by Surplus, Economic Concerns in Slide Near 15-Month Low
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Business, Architecture
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University
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Hard
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5 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is one reason for the recent drop in oil prices discussed in the video?
A rise in oil prices
A decrease in global oil demand
A surge in shale oil production
Increased faith in OPEC's production cuts
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How do global growth concerns affect the oil market?
They contribute to weaker demand and excessive supply
They result in higher demand for oil
They lead to increased oil prices
They stabilize the oil market
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a significant challenge for Saudi Arabia in maintaining oil prices?
The need to increase oil production
Pressure from the White House for lower prices
High domestic oil consumption
A lack of oil reserves
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the nature of the relationship between OPEC and Russia?
It is a new and untested partnership
It is a competitive rivalry
It is a long-standing and stable alliance
It is an extraordinary relationship that took decades to develop
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What assumption is Saudi Arabia's budget based on?
Oil prices will remain at $60 per barrel
Oil prices will be $80 per barrel
Oil prices will drop to $50 per barrel
Oil prices will rise to $100 per barrel
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