Please answer the question by computer, so i can see it clearly, thank you!!!

Early estimates suggested that about 3 million barrels per day of petroleum productionnearly 3% of global productionhad been effectively removed from the global oil market in the aftermath of Russia's invasion of Ukraine in February 2022, constituting one of the largest supply shortfalls since the 1970s. European Union (EU) member countries saw a substantially larger increase in price levels P than other countries P* (i.e., sticky prices do not apply) due to their strong reliance on Russian oil.

Question:

Is the EU's current account above or below its target as a result of the oil price shock? Give an explanation for your response.