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Crude Oil - 1990 Gulf War

The Gulf War of 1990 caused the Crude Oil market to rally substantially. At the time it was difficult to gauge what the war might do to the supply of oil. Fear of the worst scenario took over and the market rallied. The usual culprits in these types of moves are fear, greed and uncertainty. Once they are removed and the outlook isn't so dire, prices tend to fall like a rock. It happens time and again.

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