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The 1990 oil price shock occurred in response to the Iraqi invasion of Kuwait on August 2, 1990, [1] Saddam Hussein's second invasion of a fellow OPEC member. Lasting only nine months, the price spike was less extreme and of shorter duration than the previous oil crises of 1973–1974 and 1979–1980, but the spike still contributed to the recession of the early 1990s in the United States. [2]
The September 11 attacks caused global stock markets to drop sharply. The attacks themselves caused approximately $40 billion in insurance losses, making it one of the largest insured events ever. Stock market downturn of 2002: 9 Oct 2002: Downturn in stock prices during 2002 in stock exchanges across the United States, Canada, Asia, and Europe.
During 1998, due mainly to low oil prices, OPEC crude oil export revenues fell 30 percent (to $100 billion) from the previous year. (DJ, NYT) March 31: Arco agrees to be acquired by BP Amoco PLC for $26.6 billion in stock. If approved, the merger will create the largest oil producer in the United States and one of the largest energy companies ...
Oil may get another run as liquid gold. Crude futures surged 9% last week — its biggest weekly gain since March 2023 — driven by escalating tensions in the Middle East.Israel’s vow to ...
Despite its important infrastructure functions, the company’s stock price was down 1.38% year to date, a far cry from the 25% increase in the S&P 500 and the 30% increase in the tech-heavy ...
U.S. stocks mostly fell Friday after fears about war in the Middle East collided in financial markets with hopes for stronger profits at big U.S. companies. Oil prices leaped, and Treasury yields ...
The spike of one-sided violence in 1994 is mostly due to the Rwandan genocide. This is a list of wars that began between 1990 and 2002. Other wars can be found in the historical lists of wars and the list of wars extended by diplomatic irregularity .
Should it matter to U.S. investors that Middle East stock markets are among the worst-performers this year, with many trading at or near 52-week lows? On the face of it, the answer would seem to ...