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Commodities Briefing - Categorized | Oil, Research more

A recent history of oil prices

Posted on 29 December 2008

From Scitizen.com: The price of oil has oscillated from an all-time hike of almost $150 a barrel to a low of $30, hand in hand with the credit-crunch and the inextricable economic connection between money and oil.

In January 1999 the price of a barrel of oil reached a low point of $16 when Iraq increased its oil production at the time of the Asian Financial Crisis when demand for oil fell….. Full Article: Source


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