OPEC, Russia Both Fail to Act as Oil, Ruble Tumble

OPEC, Russia Both Fail to Act as Oil, Ruble Tumble

Assessment

Interactive Video

Business, Architecture

University

Hard

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The video discusses the decline in oil prices, highlighting that prices have reached their lowest since 2009. It covers OPEC's decision not to cut production and the potential impact on shale producers. The market's reaction, including trading volumes and price predictions, is analyzed. The video also examines the economic impact on Russia, focusing on the ruble's depreciation and inflation concerns.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

How does the ruble's depreciation relate to the fall in oil prices according to President Putin?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the projected inflation rate in Russia for the first quarter of next year?

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