Slippery oil rally – The Hindu (Nov 11, 2017)

Slippery oil rally – The Hindu (Nov 11, 2017)

The price of oil has risen sharply in recent weeks leading to renewed forecasts of a sustained bull market in the price of the commodity. For further reading, visit “The Hindu”.

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Word List-1 (To Improve English Vocabulary)

1. slippery (noun) – evasive, unreliable, unpredictable.
2. rally (noun) – recovery, upturn, improvement/rebound.
3. shale industry (noun) – an industry of mining and processing of oil shale. shale is a fine-grained sedimentary rock in which natural gas is trapped underground.
4. sustained (adjective) – continuous, uninterrupted, constant.
5. bull market (noun) – a share/financial market in which share prices are rising (or) are expected to rise over a period of time. A “bull market” is any time period where stocks are going up in value. A “bear market” is the opposite, when stock prices are falling.
6. Brent crude (noun) – a classification of crude oil produced from the oil platform in the North Sea.
7. rally (verb) – increase, recover, improve (from a fall).
8. portend (verb) – augur, foretell; indicate/signal. 
9. upsurge (noun) – growth, sudden increase, rise.
10. Organization of Petroleum Exporting Countries OPEC (noun) – an organization of nations that produce and sell oil and which tries to keep the price of oil at a suitable level.
11. cap (noun) – limit, upper limit, ceiling.
12. cartel (noun) – a group that fixes prices (high to restrict competition) among members of a group of producers.
13. nemesis (noun) – arch-rival, adversary, opponent.
14. fiscal (adjective) – financial, trade; revenue.
15. inflation (noun) – increase of price level of goods & services & vice versa decrease of currency value.
16. bound to (adjective) – certain/sure, very likely, guaranteed.
17. unease (noun) – fright, anxiety, panic, distress.
18. fluctuate (verb) – vary, differ, shift/change.
19. range-bound (market) (adjective) – when a market, or the value of a particular stock, bond, commodity or currency, moves within a relatively tight range for a certain period of time.
20. nonetheless (adverb) – in spite of that, however, regardless/anyway.

Note:   

1. Click each one of the words above for their definition, more synonyms, pronunciation, example sentences, phrases, derivatives, origin and etc from http://www.oxforddictionaries.com/.

2. Definitions (elementary level) & Synonyms provided for the words above are my personal work and not that of Oxford University Press. Tentative definitions/meanings are provided for study purpose only and they may vary in different context. Use it with the corresponding article published on the source (website) via the link provided. 

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