BofAML’s Blanch: Brent Could Hit $70 in 2020 If Demand Recovers

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Business, Architecture, Engineering
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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
What has been a major factor in supporting oil prices despite potential for $40 oil?
Increased demand from Asia
Decreased production costs
Supply disruptions from OPEC and other countries
Technological advancements in oil extraction
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What could potentially drive oil prices to $70 a barrel next year?
OPEC increasing production
A cyclical rebound in demand and maintained production cuts
New oil discoveries in the Middle East
A decrease in global oil demand
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What trend is observed in US shale oil production?
Rapid growth
Stagnation
Deceleration
Complete halt
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which regions are contributing to the increase in non-OPEC, non-shale oil production?
Norway, Brazil, and Canada
Russia and China
Middle East and Africa
Australia and India
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the significance of non-OPEC, non-shale oil production entering the market?
It will decrease global oil prices significantly
It will diversify the sources of oil supply
It will lead to a decrease in oil demand
It will cause a shortage in the oil market
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