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Key milestones in the dollar price of crude oil
Pages: 30
Year: Issue:  8
Journal: English Digest

Abstract: <正>1970: The official price of Saudi crude oil is fixed at 1.80 dollars per barrel. 1974: The price passes 10 dollars after the first oil shock, sparked by the October 1973 Arab-Israeli war. 1979: Oil passes 20 dollars as the Islamic revolution in Iran causes a second oil shock. 1980: The price tops 30 dollars for the first time and 39 dollars in early 1981 at the height of the war between Iran and Iraq. Sept.-Oct.,
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