When Will Oil Hit Its 2018 Peak Again?

When Will Oil Hit Its 2018 Peak Again?

Assessment

Interactive Video

Business

University

Hard

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The video discusses the oil market's future, focusing on production cuts, OPEC's role, and price projections. It highlights the improbability of reaching $100 per barrel soon, with $85 being more feasible under unusual circumstances. The market's current trend shows a continuous drop in oil prices, which is unrealistic over a five-year horizon. The discussion also touches on inflation and long-term concerns, suggesting that significant changes are not expected soon.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one of the key factors mentioned that could influence oil prices by the end of the year?

Technological advancements

Production cuts

New oil discoveries

Increased demand from consumers

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the likelihood of oil reaching $100 in the current cycle according to the discussion?

Certain

Very likely

Somewhat likely

Unlikely

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which organization is mentioned as needing to take action for oil prices to potentially rise?

UN

OPEC

EU

NATO

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does the market suggest about oil prices over a five-year horizon?

They will fluctuate unpredictably

They will rise significantly

They will continue to drop

They will remain stable

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What economic concern is mentioned in relation to future oil prices?

Deflation

Recession

Stagflation

Inflation