Published by
The Bangkok Post
The Bangkok Post
Oil price fears spike in conflict Surge to affect Thai cost of living Business leaders are increasingly worried about the escalating Russia-Ukraine conflict, with rising oil prices threatening to drive up living costs. The crisis has sent Brent crude futures to US$97.66 a barrel, the highest level since September 2014, and global stocks have plunged. Analysts at PTT Plc cited Suhail Al Mazrouei, the United Arab Emirates’ minister of energy and infrastructure, as saying expensive oil was attributed to the Russia-Ukraine conflict, not supply and demand problems. The Russia-Ukraine dispute has be…