Abu Dhabi's Al Mansoori: Oil Can Reach $60

The video discusses the end of global oil surpluses and the factors influencing oil prices, including economic growth and supply-demand dynamics. It predicts future oil prices based on economic data, highlighting the recovery of China and strength in European and U.S. economies. The global economy's growth is expected to stabilize oil prices between $55 and $60.

What is the general trend in the global oil market as discussed in the first section?

• The oil market is in equilibrium.

• Oil prices are expected to drop to $27.

• Oil supply is contracting faster than expected.

• Oil surpluses are increasing.

According to the second section, what is the predicted oil price range for 2016?

• $55 to $60

• $50 to $55

• $45 to $50

• $60 to $65

Which major economy is mentioned as recovering in the second section?

• India

• China

• Brazil

• Russia

What is the employment rate mentioned for the U.S. economy in the second section?

• 1%

• 4%

• 3%

• 2%

What is the expected impact of the shrinking oil supply on prices as discussed in the final section?

• Prices will stabilize at $45.

• Prices will fall below $50.

• Prices will range between $55 and $60.

• Prices will exceed $70.