This Day In Market History, March 26: OPEC Raises Crude Oil Prices By 9% Each day, Benzinga takes a look back at a notable market-related moment that occurred on this date. What Happened? On this day 39 years ago, OPEC raised the price of crude oil by 9 percent from $13.34 to $14.55. Where The Market Was The Dow finished the day at 854.82. The S&P 500 finished at 101.04. Today, the Dow is trading at 23,533.20 and the S&P 500 is trading at 2,588.26. What Else Was Going On In The World? In 1979, the Entertainment and Sports Programming Network, ESPN, launched, becoming the first cable sports network dedicated exclusively to sports. The Three Mile Island Nuclear Generating Station in Dauphin County, Pennsylvania experienced a partial meltdown, the worst U.S. nuclear accident in history. The average cost of a new house was $58,100. Building To An Energy Crisis […]