There was a dramatic increase in the price of oil in:
A) the early 1970s.
B) the early 1980s.
C) the early 1990s.
D) the late 1990s.

Name: There was a dramatic increase in the price of oil in: A) the early 1970s. B) the early 1980s. C) the early 1990s. D) the late 1990s.
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Question

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The dramatic increase in the price of oil occurred in the early 1970s due to the Arab Oil Embargo of 1973. This led to a significant increase in oil prices and had a major impact on the global economy.

There Was a Dramatic Increase in the Price of Oil