Traders Expect OPEC+ to Agree to Raise Oil Output

The video discusses the current state of the oil market, noting that crude oil prices have been steady despite disruptions from Hurricane Ida. It highlights the upcoming OPEC+ meeting, which is expected to be straightforward, with plans to increase output by 400,000 barrels per day. The video also delves into the historical tensions within OPEC+, particularly between the UAE and Saudi Arabia, but suggests that the current meeting will likely see consensus on production increases.

What has been the trend in crude oil prices despite the impact of Hurricane Ida?

• Significant increase

• No change

• Slight decrease

• Significant decrease

What is the expected decision at the upcoming OPEC Plus meeting?

• Postponement of the meeting

• No change in oil production

• Increase in oil production

• Decrease in oil production

Which two countries were involved in a recent dispute within OPEC Plus?

• Saudi Arabia and Russia

• UAE and Saudi Arabia

• Iran and Iraq

• Kuwait and Qatar

What has been a common source of tension in past OPEC Plus meetings?

• Disagreements over leadership roles

• Disagreements over production increases

• Disagreements over meeting locations

• Disagreements over membership fees

What is the general sentiment among OPEC Plus members regarding the current meeting's production decision?

• Strong opposition

• Uncertainty

• General agreement

• Indifference