1.
What was the result of the OPEC meeting?
After two days of tough negotiations in Vienna, the Organization of the Petroleum Exporting Countries (OPEC) finally achieved a breakthrough: the group and its allies agreed to remove 1.2 million barrels a day from the market.
Following the news, crude prices increased by 5.8% in London. Global Brent prices are expected to climb to $70 a barrel. This development will not please U.S. President Donald Trump, who wanted the Middle Eastern oil countries to maintain high production and thus restrain oil prices.
Russia, a non-OPEC country, had a significant role to play in achieving the agreement in Vienna. Russia mediated between Saudi Arabia and Iran, both of whom share an unpleasant relationship. It was agreed that oil producers would refer to the October output levels as the baseline for cuts. The deal will be reviewed in April 2019.
Over the last two years, the character of OPEC has changed substantially. In 2016, Russia and Saudi Arabia ended their differences and started to work together to improve the oil market. In the process, Russia has begun to assert its power very strongly.
What was the result of the OPEC meeting?
Crude prices increased by ___ in London.
Following the OPEC agreement, oil prices could increase to __ a barrel.
OPEC achieved a breakthrough after two days of negotiations.
In this sentence, the word negotiate is closest in meaning to
These developments will not ___ U.S. President Donald Trump.
Which of the following options would you use to complete the sentence?
How has OPEC changed in recent years?
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