Commodities Surge to Highest Level Since 2015

  • Industrial metals prices jump amid Russia sanctions concern
  • Crude gets a boost from report showing drop in inventories
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A key gauge of commodity prices has reached its highest level in 2 1/2 years as oil rises and concerns about U.S.-Russia tensions boost industrial metals.

The CRB commodity index rose more than 1 percent on Wednesday, touching 201.88, its top level since October 2015.