Mark Mobius: Expect Oil Prices to Recover to $90

Mark Mobius, a renowned investor, predicts that oil prices will soon rise to $80-$90 per barrel due to decreased US shale production. He discusses the benefits of low oil prices for net importers like China and India. However, he anticipates a recovery in oil prices by next year or the year after.

What is the main reason Mark Mobius predicts an increase in oil prices?

• Lower production of US shale

• Decreased global demand

• Increased demand from Europe

• Higher production in the Middle East

Which countries are expected to benefit from low oil prices according to the transcript?

• Saudi Arabia and UAE

• China and India

• Russia and Brazil

• United States and Canada

Why do China and India benefit from low oil prices?

• They have advanced oil refining technology

• They are major oil exporters

• They have large oil reserves

• They are net importers of oil

What is Mark Mobius' expectation for oil prices in the next year or two?

• $50-$60 per barrel

• $60-$70 per barrel

• $70-$80 per barrel

• $80-$90 per barrel

According to Mobius, when might we see oil prices reach $80-$90 per barrel again?

• Never

• In the next month

• In the next decade

• In the next year or two