Oil Surges After OPEC+'s Unexpected Crude Production Cut

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Business, Architecture, Social Studies
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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 unexpected decision made by OPEC+ regarding oil production?
To increase production by 1 million barrels per day
To stop oil production entirely
To cut production by 1 million barrels per day
To maintain current production levels
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which country led the OPEC+ decision to reduce oil production?
Iraq
Saudi Arabia
United Arab Emirates
Russia
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How did the oil prices react immediately after the OPEC+ announcement?
Prices remained stable
Prices increased by 8%
Prices fell to a 15-month low
Prices decreased by 8%
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What was the White House's stance on the OPEC+ production cuts?
They planned to increase their own oil production
They had no comment
They believed it was ill-advised
They supported the decision
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the expected reduction in crude oil supply from July onwards due to the cuts?
500,000 barrels per day
1.1 million barrels per day
1.6 million barrels per day
2 million barrels per day
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