2 years ago

How was the oil crisis resolved?

History

1 answer:

Korvikt [17]2 years ago

5 0

Answer:

The embargo ceased US oil imports from participating OAPEC nations

Explanation:

began a series of production cuts that altered the world price of oil. These cuts nearly quadrupled the price of oil from $2.90 a barrel before the embargo to $11.65 a barrel in January 1974.

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