Traders Expect OPEC+ to Agree to Raise Oil Output

Traders Expect OPEC+ to Agree to Raise Oil Output

Assessment

Interactive Video

Business

University

Hard

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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.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

Which two countries had a recent dispute within OPEC plus?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the general sentiment regarding production increase at the upcoming OPEC plus meeting?

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