WORLD OIL PRICES IN JEOPARDY

Just a little less than 1 year after the astonishingly successful allied campaign that drove Iraqi forces from Kuwait, world crude markets face the prospect of a price collapse triggered by severe overproduction. In the 18 months since Iraqi forces crossed the border into Kuwait, world crude oil prices have been on a roller coaster. In daily trading, they hit a peak of $40/bbl in the immediate aftermath of Iraq's August 1990 invasion, then slumped to $17.50/bbl for North Sea Brent blend

Jan 13th, 1992
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