1. Oil prices have been volatile due to global supply concerns. What is the primary energy commodity oil is used for?
2. Netflix is a streaming service that competes in the entertainment industry. How many major streaming competitors does Netflix face? (rough estimate)
3. Iran has been a key factor in oil market volatility. Which strait is critical for global oil trade and involves Iran?
4. Market volatility affects stock prices. What percentage drop is typically considered a market "correction"?
5. Geopolitical tensions impact commodity prices. Name one major global event in recent years affecting oil markets.