Oil Seen at $70 to $80 Till Year-End, Fat Prophets' Lennox Says
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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
What was one of the reasons for the positive reaction in oil prices mentioned in the first section?
Increased production in the US
Clarification of Donald Trump's tweet
Decrease in global demand
New oil reserves discovered
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which countries were mentioned as having production disruptions affecting oil prices?
China, India, and Brazil
Norway, Mexico, and Nigeria
Venezuela, Iran, and Libya
Saudi Arabia, Russia, and Canada
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is one reason for the widening spread between WTI and Brent crude oil prices?
US production levels
Increased demand for Brent
New environmental regulations
OPEC's decision to cut production
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the expected trading range for WTI by the end of 2018?
$90 to $100
$80 to $90
$70 to $80
$60 to $70
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
According to the forecast, what is the expected trading range for Brent oil prices for the rest of 2018?
$60 to $70
$84 to $94
$70 to $80
$74 to $84
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