Oil Will Be Choppy But Solid Moving Forward, Says Prestige Economic's Schenker

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Business, Social Studies
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University
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Hard
Wayground Content
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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 supporting oil prices according to the first section?
A decrease in global oil supply
The upcoming US driving season
A rise in unemployment rates
A decline in US shale production
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How did OPEC regain some of its credibility in the oil market?
By collaborating with Chinese manufacturers
By cutting down on US shale production
By reducing global oil inventories
By increasing oil prices
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What major factor aside from shale is discussed in the second section as affecting oil prices?
US unemployment rates
European economic policies
Chinese manufacturing demand
Middle Eastern political stability
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What could potentially hinder the rise of oil prices despite a strong driving season?
An increase in OPEC oil supply
A contraction in Chinese manufacturing
A decrease in US shale production
A rise in global oil demand
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the position of US shale oil on the cost curve?
Not on the cost curve
The cheapest in the world
The most expensive in the world
In the middle of the cost curve
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