U.S. Oil Prices Rise to Seven-Week High
by: Nicole Friedman
Aug 20, 2016
Click here to view the full article on WSJ.com
by: Nicole Friedman
Aug 20, 2016
Click here to view the full article on WSJ.com
TOPICS: Oil Markets
SUMMARY: Oil prices posted a third weekly gain Friday as the potential for a production-freeze deal among major producers outweighed concerns about ample inventories.
CLASSROOM APPLICATION: The article informs students about futures markets. Students analyze the determinants of supply and demand in an oil futures market, and then examine causes of shifts in supply and demand.
QUESTIONS:
1. (Advanced) What is a "futures market"? What factors caused the prices of oil futures to increase?
2. (Advanced) How would an expected agreement among OPEC members to cut oil exports affect oil futures markets?
3. (Introductory) What factors indicate that oil producers could take steps to stabilize prices?
1. (Advanced) What is a "futures market"? What factors caused the prices of oil futures to increase?
2. (Advanced) How would an expected agreement among OPEC members to cut oil exports affect oil futures markets?
3. (Introductory) What factors indicate that oil producers could take steps to stabilize prices?
Reviewed By: James Dearden, Lehigh University
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