Soaring oil prices and a shaky market in the wake of Hurricane Katrina _______those hopes.
A.suppressed
B.elevated
C.lessened
D.soared
A.suppressed
B.elevated
C.lessened
D.soared
第1题
Spot gold was at $404.20/404.70 a(an) 【C2】______ by 0412 GMT compared with $404.00/404.50 【C3】______ quoted in New York on Wednesday. Dealers pegged key resistance at $405 an ounce.
Dealers said investors were likely to lock in profits at current 【C4】______ prices but rising oil prices have 【C5】______ some physical demand. Gold has 【C6】______ by nearly nine percent since 【C7】______ this year's low of $371 an ounce in May.
"The outlook is still for oil prices to reach $50 a barrel, having already risen $10 since the end of June and a whopping $16 a barrel or 50 percent over the last year," N M Rothschild said in a(n) 【C8】______ .
"The market remains 【C9】______ about supply disruptions from Iraq. Higher oil prices bode well for gold, as the potential for inflation increases, which gold has historically been seen as a hedge against," it said.
In the Tokyo gold 【C10】______ , the benchmark June 2005 gold contract rose one yen per gram to 1,424 yen.
Gold has been 【C11】______ around $400 this week, but it is still some way off the heights 【C12】______ in January, when the market hit a 15-year peak of $430.50 as the euro 【C13】______ against the U. S. currency.
The euro was little changed at $1.2337. Some dealers pegged upside target at $410 an ounce but any move upward would 【C14】______ on how the dollar behaved against other 【C15】______ .
"There's a little bit of physical demand but overall trading is quiet. I think trading range in Asia will be between $404 to $406 an ounce," said one dealer in Hong Kong SAR, a key bullion trading center in East Asia.
【C1】______
A.rude
B.rough
C.pure
D.crude
第2题
A.encouraging people to buy prescription drugs online
B.extending medical insurance to all its citizens
C.importing low-price prescription drugs from Canada
D.exercising price control on brand-name drugs
第3题
A.Y
B.N
C.NG
第4题
The oil prices will decrease sharply in the long run mainly because______.
A.the world's biggest oil companies will launch a large price competition
B.new fuels will take the place of oil
C.new technology in extracting oil will be used
D.British and German governments will bring the price down
第5题
A.breaks off
B.breaks down
C.breaks out
D.breaks up
第6题
Oil prices have raised overall consumer prices and cut into household purchasing power. So far the higher costs haven't deterred(阻止) buying, even buying of cars and other energy-sensitive items. The major reason for the lack of reaction is that oil is less important to the economy than it once was. Oil, which produced 45% of world energy in 1971, accounted for only 35% in 2003, with increases in nuclear and natural gas use making up the difference.
GM, Ford, and Chrysler suffered as buyers shifted to more fuel-efficient vehicles from Toyota and Honda, but the shift was hot pronounced. Admittedly, light truck sales are holding up in part because manufacturers are offering large discounts to "move the metal", but the fact that buyers are responding to those incentives shows they aren't too scared of gas prices.
Americans continue to spend more than they earn, but gasoline prices will have an effect. Although the April chain store results suggest gasoline prices aren't hurting much yet, eventually Americans will be forced to realize that they have to slow down. We expect the economy to slow in the second half of the year as the impact of higher oil prices sinks in. How much the economy slows will depend on how high oil prices remain. We expect some drop in oil prices by yearend, but I have been saying that for so long even I am starting not to believe it.
The anger against the oil companies is clearly misplaced. Exxon and friends control only a small share of world oil reserves. Most are now in the hands of state-owned oil companies. The recent move by Bolivia to nationalize its industry is only the latest in a long line of similar actions. The history of these enterprises is one of severe underinvestment and mismanagement, which tends to reduce supply and keep prices high. The risk on oil prices is primarily on the high side of our forecast.
Although I think oil prices will drop back in the medium term, to address my serious worries, I'm buying my wife a bike for Mothers' Day.
The economy at the beginning of 2006 is not affected by the high oil price mainly because ______.
A.the warm winter requires less oil to run the heaters
B.the warm winter promotes consumption, across the country
C.people believe that the oil price will drop in near future
D.people don't think the high price will make much of a difference
第7题
A.weaken
B.weakest
C.weakness
D.weakening
第8题
A.the law of elastic supply
B.the law of elastic demand
C.consumers will bid up the price of oil
D.all of the above
E.none of the above
第9题
(24)
A.We decided to sell the car when the oil Prices rose.
B.We should not delay solving the problem of oil prices.
C.We were at a loss as to whether to buy that expensive car or not.
D.We didn't buy a car because of the floating oil prices.
第10题
What happens in many oil-exporting countries when oil prices go down?
A.They suspend import of necessities from overseas.
B.They reduce production drastically to boost oil prices.
C.They use their money reserves to back up consumption.
D.They try to stop their economy from going into free-fall.