From Chart of the Day - www.chartoftheday.com:
Today, crude oil futures surged $2.14 settling at a lofty $63.91 per barrel. While oil is near 23-year highs, it is still well below the inflation-adjusted highs of 1980. It is also interesting to note that most oil price spikes were a result of Middle East crises and often preceded or coincided with a US recession.
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