OPEC+ Alliance To Decide Oil Output As U.S. Prices Hit Record High

The video discusses the rising gas prices in the U.S., noting a significant increase in the cost of a regular gallon of gas. Despite a drop in Brent crude prices, gas prices continue to rise. The video highlights an OPEC meeting where oil producers agreed to increase production, influenced by the EU's decision to ban Russian oil imports due to the Ukraine invasion. Saudi Arabia and the UAE are expected to compensate for the shortfall, with the White House commending Saudi Arabia's role in reaching a consensus.

What was the recent price of a regular gallon of gas in the country?

• $5.00

• $4.72

• $4.00

• $3.50

What was the price of Brent crude futures ahead of the OPEC meeting?

• $120 a barrel

• $116 a barrel

• $110 a barrel

• $100 a barrel

By how much did oil producers agree to increase production in July and August?

• 50,000 barrels a day

• 65,000 barrels a day

• 100,000 barrels a day

• 250,000 barrels a day

What was the reason behind the European Union's decision to ban Russian oil imports?

• To reduce global oil prices

• To support Saudi Arabia

• As a sanction for the Ukraine invasion

• To increase oil production

Which countries are expected to compensate for the shortfall due to the EU's ban on Russian oil?

• China and India

• Brazil and Mexico

• Saudi Arabia and the United Arab Emirates

• United States and Canada