Could Oil Fall Below $40 Per Barrel?

The video discusses recent economic data showing deepened deflation and slow consumer price growth, leading to speculation about further monetary easing. The Shanghai Composite initially dropped but recovered, while Japanese stocks fell significantly, with exporters like autos and tire makers hit hard. The yen gained against the dollar. In the oil market, prices resumed their decline, with concerns that OPEC may need to call an extraordinary meeting if prices continue to fall, potentially reaching $40 a barrel.

What economic condition is deepening according to the transcript?

• Inflation

• Deflation

• Stagflation

• Hyperinflation

Which index initially dropped but later recovered, closing up nearly 3%?

• Nikkei

• Dow Jones

• Shanghai Composite

• FTSE 100

Which sector led the decline in Japanese stocks?

• Technology

• Healthcare

• Automotive and Tire

• Finance

What was the percentage drop in the Nikkei index?

• 1%

• 4%

• 2 1/4%

• 3%

What price could crude oil potentially fall to if OPEC solidarity falters?

• $40 a barrel

• $60 a barrel

• $50 a barrel

• $30 a barrel