What was a significant factor contributing to the recent gains in the oil market?
Oil Market Responds to Trump's Saudi Call With Higher Prices

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Business, Architecture, Social Studies
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University
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Hard
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5 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Decreased demand for oil
A phone call between President Trump and the Saudi King
New oil discoveries in the Gulf of Mexico
Increased American drilling
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are some of the geopolitical risks mentioned that could affect oil supply?
Technological advancements in renewable energy
Trade agreements with Europe
Collapse of Libya and Venezuela
Economic growth in China
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How are traders reacting to the uncertainties in the oil market?
By increasing oil production
By hedging against potential price increases
By reducing oil imports
By investing in alternative energy sources
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When are the Iran sanctions expected to take effect, potentially impacting oil demand?
July 4th
January 1st
November 4th
December 25th
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which countries are mentioned as having some spare capacity to offset lost oil production?
Brazil and Argentina
Canada and Mexico
The Emirates and Saudi Arabia
Russia and China
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