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Commodity Surge Fuels Inflation Threat

Bloomberg business news
Energy Crisis Drives Metals to Multi-Year High

A surge in energy and metal prices is offering investors a fresh reminder of how the commodities market can fuel inflation and imperil the post-pandemic economic recovery.

The West Texas Intermediate crude price on Monday settled above $80 a barrel for the first time since 2014 while aluminum futures rose to their highest since July 2008, leading broad gains among base metals. In China, coal futures surged to a record.