Article by Scott Montgomery: “Oil price shocks have a long history, but today’s situation may be the most complex ever”
March 11, 2022
“The world is in the grip of an oil price shock. In just a few months, prices have risen from US$65 a barrel to over $130, causing fuel costs to surge, inflationary pressure to rise and consumer tempers to flare. Even before Russia’s invasion of Ukraine, prices were climbing rapidly because of roaring demand and