VOICED : El petroleo se dispara tras incursion de Trump en la guerra de precios entre Moscu y Riad

VOICED : El petroleo se dispara tras incursion de Trump en la guerra de precios entre Moscu y Riad

Assessment

Interactive Video

Business, Social Studies

9th - 12th Grade

Hard

Created by

Quizizz Content

FREE Resource

Oil prices surged after President Trump tweeted about a potential agreement between Saudi Arabia and Russia to cut oil production by 10 million barrels per day. This announcement led to a significant rise in oil prices in both London and New York markets. However, Russia denied any conversation between President Putin and the Saudi crown prince. Saudi Arabia called for an urgent OPEC meeting to address the ongoing price war, which was exacerbated by Russia's refusal to cut production despite the drop in demand due to the coronavirus pandemic.

Read more

5 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the main reason for the surge in oil prices mentioned in the first section?

A natural disaster

A change in US oil policy

A tweet by Donald Trump

A new oil discovery

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which two countries were involved in the oil price war discussed in the first section?

Brazil and Venezuela

China and India

Saudi Arabia and Russia

United States and Canada

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the market's immediate reaction to Trump's announcement as described in the second section?

Oil prices fell sharply

Oil prices were unaffected

Oil prices remained stable

Oil prices rose significantly

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What action did Saudi Arabia take in response to Russia's refusal to cut production, as mentioned in the third section?

Stopped oil exports

Lowered oil prices and increased production

Decreased oil production

Increased oil prices

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the purpose of Saudi Arabia's call for an urgent meeting of OPEC and other nations?

To address the oil price collapse

To discuss environmental policies

To plan a new oil pipeline

To negotiate a new trade agreement