The price of oil has dropped significantly in the two days since hitting its highest price level in over a decade on March 7, and is currently trading in an unpredictable manner as markets weigh in on the ability of the Organization of Petroleum Exporting Countries (OPEC) to fill the supply gap created by the loss of Russian energy.
Brent crude prices hit $139.13 per barrel on March 7, the highest since July 2008, only to fall on March 9 by more than $15 per barrel. Brent oil May futures were trading at $111 per barrel as of 15:17 UTC on March 10.
