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Plunging Oil Prices

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The story behind the oil's plunge
1. Identify the most significant point presented in the video and explain why it is important?
2. Who loses the most when oil prices drop? who gains when the price drops?

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Solution Summary

The response provides you a structured explanation of the reasons for, costs, & benefits of plunging oil prices. It also gives you the relevant references.

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1.
You should say that : Why oil is plunging?: The most significant point presented in the video is that economic activity has gone down. This is the reason for the plunge in oil prices. It is important because it means that global demand for oil has declined. This has led to lower prices of oil. Specifically, the demand for oil ...

Solution provided by:
Hatim Baxamusa, MBA
Education
  • BSc , University of Calcutta
  • MBA, Eastern Institute for Integrated Learning in Management
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