The price fluctuated through a fairly narrow band, spiking again at $30 a barrel when Iraq invaded Kuwait in 1990. But after the first Gulf War, the price again headed south, hitting a low of close to $10 a barrel in the late 1990s. Since then, the trend has been up. There was a brief dip after the Americans toppled Saddam Hussein - but the price has now surpassed the highs it reached during the second Gulf War.
http://www.cbc.ca/news/background/oil/
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