Oil Drops Amid Biden's Emergency Crude Plan

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Business, Architecture
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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 the main reason the market might not be significantly affected by Biden's oil release?
The release is too small compared to OPEC's cuts.
The release is only for domestic use.
The release will happen too late.
The release is not approved by Congress.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How do traders view the impact of economic factors on oil prices?
They ignore economic factors completely.
They focus on long-term economic trends.
They believe short-term moves are more important.
They only consider OPEC's actions.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What could be a consequence of European sanctions on Russian oil?
Russia might cut off all exports.
The US might reduce its oil imports.
Russia might increase oil exports.
OPEC might increase production.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a potential risk if OPEC heightens their efforts to stabilize the market?
OPEC might cut more oil from the market.
Oil prices might decrease significantly.
Oil demand might increase unexpectedly.
The US might increase its oil production.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What must Europe do to avoid energy shortages this winter?
Increase oil imports by 15%
Rely solely on hoarded supplies
Increase natural gas production
Reduce demand by 15%
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