OPEC Trims Oil-Demand Outlook, Making Case for Its Supply Cut

What was the main reason analysts believe OPEC's recent actions were taken?

• To respond to US inflation metrics

• To stabilize global oil prices

• To justify previous production cuts

• To increase oil production

How did the US PPI inflation metric affect oil prices in the New York session?

• It stabilized oil prices

• It led to a decrease in oil prices

• It had no effect on oil prices

• It caused oil prices to rise

What adjustment did the US make in response to the OPEC+ reduction?

• Imposed new sanctions on OPEC

• Increased oil imports from Russia

• Cut back 2023 supply and demand estimates

• Increased oil production

What is a significant concern for oil prices related to Russian supplies?

• Stable Russian oil output

• Increased Russian oil exports

• Russia's increased oil production

• Loss of Russian supplies due to EU sanctions

What did President Putin describe as an act of terror?

• OPEC's output reduction

• US inflation metrics

• Gas pipeline leaks

• EU sanctions on Russia