Question

The most likely impact of the September 11 terrorist attacks on the price of oil was Question 7 options: A) a gradual increase in price, then a sharp drop to 1990s levels B) a sharp initial drop in price, immediately followed by a price increase to pre-attack levels C) sharp decrease due to oil embargo of OPEC

Answer 1

B) a sharp initial rise in price, then gradual lowering of prices to pre-attack levels.

Answer 2

The answer that best completes the statement above is option B. The impact on the price of oil that most likely occurred on the September 11 terrorist attack is a sharp initial drop in price and this was immediately followed by an increase in the price to pre-attack levels. Hope this helps.