What international commodity is known for its dramatic price fluctuations, similar to those depicted in movies?
Gold
Crude Oil
Silver
Copper
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What was the approximate price of Brent Crude oil per barrel in January 2014?
$28
$50
$110
$140
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Which of the following is NOT a factor that contributed to the decline in crude oil prices?
Increased production of American shale oil
Reduced demand from China
Coordinated action by OPEC to cut production
Heavy short positions in crude oil contracts
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What is the impact of falling crude oil prices on the US dollar?
The US dollar weakens
The US dollar strengthens
The US dollar remains unaffected
The impact is unpredictable
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How does the fall in crude oil prices directly impact India?
Increases the pressure on petroleum subsidies
Leads to a higher import bill
Reduces the fiscal deficit
Increases inflation
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