What was the resistance level for oil prices mentioned in the discussion?
Oil Trader Sees Factors in Place to Push Prices Lower

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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
$60
$70
$80
$90
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which factor is NOT mentioned as affecting oil demand?
Federal Reserve's interest rate hikes
Increase in oil supply
Global fear trades
Strengthening of the dollar
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What economic data was mentioned as coming in below estimates?
CPI and PPI
GDP
Unemployment rate
Trade balance
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a potential consequence of public policy errors on trade?
Increase in oil supply
Strengthening of the dollar
Lower interest rates
Decrease in global GDP
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What could potentially lead to a bearish outlook on oil prices?
Stronger dollar and higher interest rates
Reduction in tariffs
Increase in global trade
Decrease in interest rates
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