How much did the price of a barrel of oil increase during the embargo? A. stayed the same B. tripled C. quadrupled D. doubled

Question

asked Oct 19, 2022 72.0k views

1 Answer

← Prev Question Next Question →

Ask a Question

Allan Scofield · Answer 1 · 2022-10-23T08:44:16+0000

Answer:

C. quadrupled

Step-by-step explanation:

The oil crisis of 1973 which started in October of the same year was caused by an embargo placed by OAPEC who targeted countries they perceived were supporting Israel during the Yom Kippur War.

As a result of this embargo, price of oil quadrupled, from a price of $3 per barrel to almost $12 in 1974.

How much did the price of a barrel of oil increase during the embargo? A. stayed the same B. tripled C. quadrupled D. doubled

Please log in or register to add a comment.

Please log in or register to answer this question.

1 Answer

Please log in or register to add a comment.

Related questions

Categories

Other Questions