What was the demand for crude from OPEC countries projected to fall to in 2017?
Jobless Claims Fall by 10K; OPEC Cuts World Oil Outlook
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Business, Architecture
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University
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Hard
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The video discusses the latest economic news, focusing on jobless claims and oil market trends. Jobless claims have reached their lowest level since 2000, indicating a strengthening job market. Meanwhile, OPEC has released its 2014 Oil Outlook report, predicting a decrease in demand for its crude oil to a 14-year low by 2017. The report also adjusts forecasts through 2035, with a notable increase for the next year. These developments occur amid falling oil prices, affecting global economic dynamics.
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5 questions
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1.
OPEN ENDED QUESTION
3 mins • 1 pt
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2.
OPEN ENDED QUESTION
3 mins • 1 pt
What significant change did OPEC make to their crude oil forecasts through 2035?
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3.
OPEN ENDED QUESTION
3 mins • 1 pt
How many initial jobless claims were reported for the week ending on November 1st?
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4.
OPEN ENDED QUESTION
3 mins • 1 pt
What was the estimate for jobless claims compared to the actual reported claims?
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5.
OPEN ENDED QUESTION
3 mins • 1 pt
What does the report suggest about the jobs market based on the jobless claims data?
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