What was a significant consequence of the coronavirus pandemic on the oil market?

Oil Market Challenges and Unique Living Arrangements

Interactive Video
•
Business
•
9th - 10th Grade
•
Hard

Mia Campbell
FREE Resource
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10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Oil prices stabilized
Oil production increased
Oil prices went negative
Increased demand for oil
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What action did OPEC+ take in response to the oil crisis?
Increased oil prices
Stopped oil trading
Cut oil production
Increased oil production
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which two countries were involved in a price war that affected the oil market?
USA and Canada
Russia and Saudi Arabia
China and India
Brazil and Mexico
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What was a major challenge for American oil producers during the pandemic?
High demand for oil
Lack of oil reserves
Increased competition from Europe
Potential bankruptcy due to low prices
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Under which presidency did the U.S. oil market experience a boom?
Barack Obama
George W. Bush
Joe Biden
Donald Trump
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which animal has the longest gestation period among the given options?
Wombat
Sea turtle
Bullfrog
Chipmunk
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the capital of Egypt, known for its rich history and cultural significance?
Luxor
Cairo
Alexandria
Giza
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