We are living in a time of unprecedented oil price volatility. On Feb 8, the world oil price (WTI Crude) was a little less than US$90 (3,030 baht) per barrel (dpb), but a month later the price jumped violently to 124 dpb.
Such volatility was blamed on Russia's invasion of Ukraine, which prompted a concerted imposition of economic sanctions on Russia and concern about an oil and gas export embargo.
