Hello, could you please assist me in answering the question attached. Thank you.

To complete this project step. address the following: M Demand for Crude Oil Price per barrel Daily US demand for crude 1. Based on the information provided in the tables on the left, examine the supply and demand graph in the space below. This information is helpful for the client to know how much oil to produce. The graph shows how prices are set in economic theory. In the "real world," oil and its derivative products are oil (in millions of barrels) priced on commodity exchanges. Prices can change in less than a second. The information provided here is approximately four months old. After you have $40.00 104 $50.00 examined the graph, identify the price and quantity at which equilibrium exists. This information is important for the client to determine the quantity of oil 103 to produce for profit maximization. $60.00 102 $70.00 101 $80.00 2. The global demand for oil changes with the changes in global economies. As economic activity increases, the global demand for oil increases. For the past 100 several years, the global demand for oil has increased (https://www.iea.org/oilmarketreport/omrpublic/). As the global demand changes, we can observe this change $90.00 99 graphically. Looking at the graph in question 2, what is the new point of equilibrium? $100.00 98 3. What are potential supply and demand risks in the global oil market? Support your statements with research and references. Supply of Crude Oil Daily US supply of crude oil Answer in the space below. Be as descriptive as possible and credit any sources you use. Price per barrel (in millions of barrels) $40.00 98 $50.00 100 $60.00 102 $70.00 104 $80.00 106 $90.00 108 $100.00 110 ur work below. Daily quantity of barrels Daily quantity of $120. 00 Price per barrel supplied (in millions) barrels demanded (in millions) $ 100. 00 $50.00 104 110 $60.00 105 109 $ 80.00 $70.00 106 108 $80.00 107 107 $90.00 108 106 60.00 $100.00 109 105 $110.00 110 104