What was the main reason for the oil market deadlock mentioned in the first section?
Oil Will Break Out of Range to the Upside: Vanda Insights

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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Geopolitical tensions in the Middle East
Strong US economic data and weak European vaccination rollout
OPEC's decision to cut production
High demand for oil in Europe
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why have geopolitical issues had less impact on oil prices recently?
Stability in the Middle East
Plenty of spare capacity within OPEC and non-OPEC countries
Increased oil production in the US
Decreased demand for oil globally
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the expected outcome if oil prices break out of their current range?
Prices will fluctuate unpredictably
Prices will likely increase
Prices will remain stable
Prices will likely decrease
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What role does Saudi Arabia play in the potential oil price breakout?
Increasing its oil production significantly
Maintaining a voluntary production cut
Negotiating with Iran to stabilize prices
Reducing its oil exports to Europe
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What could potentially add 2 million barrels a day to the oil market?
OPEC's decision to increase supply
Improved economic conditions in Europe
A new deal with Iran
Increased production from US shale
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the current state of the US shale industry?
It is unaffected by current oil prices
It is experiencing a new boom
It is declining with no signs of recovery
It is poised for a potential comeback
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What condition is necessary for US shale production to recover?
Lower oil prices
Sustainably higher oil prices
Increased demand in Europe
New technological advancements
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