Prices of Crude Oil: Crude Future

Prices of Crude Oil ticked higher over the next half decade leading up to the Iranian Revolution. The Shah Mohammed Reza Pahlavi was over thrown and essentially replaced by Ayatollah Khomeini at the end of 1979. The year following this executive changed, included the Iranian Hostage Crisis and concluded with the commencement of the Iran-Iraq war. Over that time, the crude market price increased by 2.5x that was seen at the beginning of the Iranian Revolution. Over all, the Oil Prices rose approximately 1,200% in the 8 years from 1973-1981. That is why we can conclude that in the history of the Crude Future this rally was the result of the two greatest intermediate term price rallies.