What impact does the price of oil above $100 a barrel have on inflation and consumer behavior?
Oil Price Moves Closer to $100 a Barrel on Shrinking Stockpiles

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1.
OPEN ENDED QUESTION
3 mins • 1 pt
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2.
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3 mins • 1 pt
How have OPEC and Russia responded to the current oil market situation?
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3.
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3 mins • 1 pt
What factors are contributing to the resilience of the US and Chinese economies despite rising oil prices?
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4.
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In what ways might governments intervene in the oil market as prices rise?
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5.
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Discuss the differences in the behavior of oil prices compared to other commodities like gas and copper.
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