History question regarding oil prices. via /r/economy


History question regarding oil prices.

1986? We saw a crash where prices fell to $20.

Between there we see a raise in price and a peak around gulf war time? In September 1990 of $72.

From 90-97 we see prices in the 25-40$ range

But by November of 1998 we see a massive fall to $17.

What happened in 98 for prices to fall 60%?

I can't even find it listed as a crash.

I'm using macrotrends.net for my data.

Submitted May 09, 2017 at 11:49AM by DeadFamilyMan
via reddit https://www.reddit.com/r/economy/comments/6a689j/history_question_regarding_oil_prices/?utm_source=ifttt

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