Definition: In this task, a passage will be given and the goal is to identify an event from the passage. An event is defined as a single word representing something that happened, is happening, or may happen. An event can be factual or hypothetical, positive or negative, certain or uncertain. While most events are based on verbs, an event can also be based on a noun (ex. storm, snow, rainfall) or a copula verb (is, was, been, etc.). The event must not be a pronoun or an adjective. For noun events with multiple words, use the last word in the phrase as event.
Input: Passage: New York's main contract, light sweet crude for delivery in January, lost 45 cents to 62.98 dollars per barrel in electronic deals before the official opening of the US market. World oil prices had risen sharply last week, mainly owing to data that revealed falls in US energy stocks and expectations that the Organization of Petroleum Exporting Countries will decide later this month to cut further its oil output.

expectations