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    Question

    Which of the following factors influenced the recent drop in Brent crude and US West Texas Intermediate crude prices?

    A Increased demand from Europe Correct Answer Incorrect Answer
    B High inflation rates in India Correct Answer Incorrect Answer
    C Slowing demand in China and positive economic data from the US Correct Answer Incorrect Answer
    D Geopolitical tensions in the Middle East Correct Answer Incorrect Answer
    E Increased production in OPEC countries Correct Answer Incorrect Answer

    Solution

    The recent drop in crude prices was influenced by concerns over China's slowing demand and positive economic data from the US.

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