Oil Trims Rally as Investors Weigh OPECs Inaction
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Business, Architecture
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University
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Hard
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5 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What was the main reason for the recent price fluctuation in WTI crude oil?
A decrease in US shale production
OPEC's decision to cut production
Increased demand from China
Opportunistic buying and technical support levels
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the significance of the marginal barrel of oil in the US?
It is the least profitable barrel
It is the most expensive barrel to produce
It determines the global oil supply
It dictates the market price of oil
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
According to some analysts, what is the potential price range at which US shale producers can still make a profit?
$30 to $40 per barrel
$40 to $50 per barrel
$60 to $70 per barrel
$70 to $80 per barrel
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is one of the strategic reasons behind OPEC's decision to maintain output levels?
To increase global oil prices
To run US shale producers out of business
To support smaller OPEC members
To reduce environmental impact
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which countries are mentioned as being particularly affected by the current oil price strategy?
Russia and China
Saudi Arabia and Kuwait
Venezuela and Libya
United Arab Emirates and Qatar
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