OPEC Stays Put, Oil Near 5-Year Low

What was the main reason for the recent stabilization of oil prices?

• OPEC's decision to maintain supply levels

• Government intervention

• A new oil discovery

• Increased global demand

How did the market react to OPEC's decision in November?

• Prices increased by 20%

• Prices increased by 10%

• Prices dropped by nearly 20%

• Prices remained stable

What is the predicted price range for oil in the coming months?

• $60 to $70

• $80 to $90

• $100 to $110

• $50 to $60

What historical context is given for potential further declines in oil prices?

• The 2000s oil boom

• The 1970s oil crisis

• The 1980s and 1990s price trends

• The 2010s shale revolution

What factors could lead to a rebound in oil prices?

• Increased production

• OPEC's strategic decisions and geopolitical risks

• Decreased global demand

• Technological advancements in oil extraction