Oil Seen Around $55-$60 at Year End With Risk to The Upside: Nasdaq's Essner

Oil Seen Around $55-$60 at Year End With Risk to The Upside: Nasdaq's Essner

Assessment

Interactive Video

Business, Social Studies

University

Hard

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The video discusses the impact of geopolitical factors on oil prices, focusing on civil unrest in Libya and Venezuela, potential actions by Iran, and the US-China trade deal. It highlights the volatility in Libyan oil production and the risks associated with the Strait of Hormuz. The discussion also covers how the US-China trade deal could influence China's compliance with sanctions and affect oil demand. Finally, it provides a forecast for crude oil prices, considering seasonal demand and geopolitical tensions.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What are the implications of geopolitical tensions on the demand outlook for oil?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

How do seasonal factors influence crude oil prices, particularly in relation to sanctions on Iran?

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