Question

Read the following passage carefully and answer the given questions. Certain words/phrases are given in bold to help you locate them while answering some of the questions.
Why are oil importing countries relieved?

• A. Price of crude reached 147 dollars, not 200 dollars as was predicted.
• B. Discovery of oil reserves within their own territories.
• C. Demand for crude oil has fallen sharply.
• D. Their oil import bills declined.
• E. None of the above.

Answer 1

The correct option is D Their oil import bills declined.

Oil importing countries are relieved because their oil import bills are declined.