Uselton, G.C.; Fraser, D.R. - In: Managerial Finance 14 (1988) 1, pp. 16-24
When the original contracts between the Organization of Petroleum Exporting Countries (OPEC) and the Arabian‐American Oil Companies (ARAMCO) were signed, the price per barrel of crude was less than $3.00. The prices were stated in U.S. dollars because the dollar was “the” international...