Oil Climbs Back Above $100 on Russia-Ukraine Uncertainty

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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 is one reason for the recent volatility in the oil market?
Increased supply from OPEC
High demand in winter months
Thin liquidity in the financial market
Stable geopolitical conditions
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What did the US Energy Secretary encourage shale companies to do?
Export more oil to Europe
Decrease production to stabilize prices
Increase production to meet demand
Focus on renewable energy sources
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a major challenge for increasing shale production?
Low global oil prices
Lack of drilling technology
Shortage of skilled labor
Excessive government regulations
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why is the decline in oil prices surprising given the current market conditions?
Inventories are at record highs
The physical market is very tight
Demand is at its peak
There is an oversupply of oil
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What seasonal factor affects oil demand in the northern hemisphere?
Winter heating needs
Spring and summer travel
Autumn harvest activities
Year-end holiday season
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